640 Somerset Street W Ottawa, Ontario K1R 5K4
$724,900
INVESTORS & DEVELOPERS! Currently generating $7,042/month ($84,504/year) in gross rental income, this rare detached mixed-use property in the heart of Centretown West offers exceptional flexibility and future potential. The upper residential unit is rented for $2,300/month, the main-floor commercial space for $3,842/month through 2027, plus $900/month from the rear space. Zoned TM(2185) H(16), the property offers residential and commercial possibilities and multiple income streams. The main level is currently configured as commercial space, while the self-contained upper unit features a separate entrance and private second-floor balcony. Significant improvements were completed in 2022, including updated appliances and interior upgrades. Additional features include a dry basement and major system updates including roof and furnace. Ideally positioned on Somerset St W in vibrant Chinatown, just minutes from Little Italy, LeBreton Flats, downtown, shops, restaurants, transit and the LRT. Strong income today with exciting long-term potential. (Buyer to verify zoning, permitted uses and redevelopment possibilities. Sold as is) (id:55689)
Property Details
| MLS® Number | X13775652 |
| Property Type | Retail |
| Neigbourhood | Chinatown |
| Community Name | 4103 - Ottawa Centre |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Dishwasher, Dryer, Washer |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 1500 Sqft |
| Size Interior | 1,500 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 110 Ft |
| Size Frontage | 25 Ft ,10 In |
| Size Irregular | Bldg=25.85 X 110.01 Ft |
| Size Total Text | Bldg=25.85 X 110.01 Ft |
| Zoning Description | Tm[2185]h(16) |
https://www.realtor.ca/real-estate/30269869/640-somerset-street-w-ottawa-4103-ottawa-centre
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September 12 2026 02:23:12
Ottawa Real Estate Board
Fidacity Realty