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$ 2,100,000
Est. payment /mo
New
843-839 Somerset ST W West Centre Town, ON K1R 6R6
5,446 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,446 sqft
Price per Sqft $385
Subdivision 4204 - West Centre Town
MLS Listing ID X12399644
Annual Tax Amount $39,105
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Incredible Investment Opportunity in the Heart of Chinatown! Located on bustling Somerset Street West, this traditional Main Street-zoned property offers excellent passive income potential with a projected annual income of $120,000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses.The adjacent unit is currently vacant and presents an exceptional opportunity potentially renting for up to $6,900/month. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63,000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property Highlights: High visibility with large street-facing windows, 5 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don't miss your chance to own a versatile, income-generating property in one of the city's most dynamic neighbourhoods.
Location
Province ON
County Ottawa
Community 4204 - West Centre Town
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 82.57
Lot Depth 65.97
Others
Security Features No
Listed by RE/MAX HALLMARK REALTY GROUP
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