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640 SOMERSET STREET W, Ottawa, Ontario, K1R 5K4

MLS® # X13702186
new listing
Commercial For Sale In Centretown, Ottawa, Ontario
$775,000

None Beds

640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
640 Somerset Street W, Ottawa, ON
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640 SOMERSET STREET W, Ottawa, Ontario, K1R 5K4
$775,000

Property Information:

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:27)

Building Features:

  • Style: Retail
  • Floor Space: 1500 sqft Square Feet
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dishwasher, Dryer, Washer

Property Features:

  • Property Type: Retail
  • Floor Space (approx): 1500 Square Feet
  • Irregular: Yes
  • Lot Depth: 110 Feet
  • Lot Frontage: 25.8 Feet
  • Lot Size: Bldg=25.85 x 110.01 FT
  • Zoning: TM[2185]H(16)

Courtesy of: FIDACITY REALTY

REALTOR.ca  

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Location of 640 SOMERSET STREET W, Ottawa, Ontario, K1R 5K4

Demographic Information of 640 SOMERSET STREET W, Ottawa, Ontario, K1R 5K4

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$127,978.11

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.8 %

High school certificate or equivalent

20.67 %

Apprenticeship trade certificate/diploma

2.21 %

College/non-university certificate

16.11 %

University certificate (below bachelor)

2.21 %

University Degree

48.0 %

Commuter

Travel To Work

By Car

43.33 %

By Public Transit

17.21 %

By Walking

29.6 %

By Bicycle

6.41 %

By Other Methods

3.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.94 %

Houses

33.06 %

Own Vs. Rent

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