843-839 Somerset Street W Ottawa, Ontario K1R 6R6
$2,100,000
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. (id:49187)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
Property Details
| MLS® Number | X12399644 |
| Property Type | Retail |
| Neigbourhood | Chinatown |
| Community Name | 4204 - West Centre Town |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 5446.53 Sqft |
| Size Interior | 5447 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 65 Ft ,11 In |
| Size Frontage | 82 Ft ,6 In |
| Size Irregular | Bldg=82.57 X 65.97 Ft |
| Size Total Text | Bldg=82.57 X 65.97 Ft |
| Zoning Description | Tm (78) H15 |
https://www.realtor.ca/real-estate/28854186/843-839-somerset-street-w-ottawa-4204-west-centre-town
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September 12 2025 03:27:25
Ottawa Real Estate Board
Royal LePage Team Realty, RE/MAX Hallmark Realty Group