843-839 SOMERSET STREET W
Save843-839 SOMERSET STREET W, 4204 - West Centre Town, Ottawa
- Price
- $1,900,000
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- 5,447 sq ft
- Type
- Retail
- Year built
- —
Listing courtesy of RE/MAX HALLMARK REALTY GROUP
About this home
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:66700)
Location
4204 - West Centre Town, Ottawa
Estimate your payment
A rough monthly cost for this home — adjust the numbers to fit your situation.
Estimated monthly payment
$8,832
or $4,416 bi-weekly
- Mortgage amount
- $1,520,000
- Total interest
- $1,129,523
Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees, and insurance. Confirm with your lender or mortgage broker.
Listing courtesy of RE/MAX HALLMARK REALTY GROUP
Listing data last updated June 12, 2026.
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