843-839 SOMERSET STREET W, Ottawa, ON K1R6R6
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843-839 SOMERSET STREET W, Ottawa, ON K1R6R6
843-839 SOMERSET STREET W, Ottawa, ON K1R6R6
843-839 SOMERSET STREET W, Ottawa, ON K1R6R6
843-839 SOMERSET STREET W, Ottawa, ON K1R6R6
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Donna Maguire

Donna Maguire

Engel & Völkers

+1(613) 769-7317
$ 1,900,000
Est. payment /mo
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843-839 SOMERSET STREET W Ottawa, ON K1R6R6

5,447 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5447

Square Footage 5,447 sqft

Price per Sqft $348

Subdivision 4204 - West Centre Town

MLS® Listing ID X13440410

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 has recently been rented on a 5 year lease with a 5% yearly escalation starting at $6,400/month + HST. 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, 6 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. (id:24570)

Location

State ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

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Listed by RE/MAX HALLMARK REALTY GROUP

Donna Maguire

Donna Maguire

Broker

+1(613) 769-7317

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843-839 SOMERSET STREET W