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494-502.5 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8

MLS® # 1397112
Investment For Sale In Centretown, Ottawa, Ontario
$2,650,000
494-502.5 Somerset Street W, Ottawa, ON - Outdoor With Facade
494-502.5 Somerset Street W, Ottawa, ON - Outdoor
494-502.5 Somerset Street W, Ottawa, ON - Outdoor With Facade
494-502.5 Somerset Street W, Ottawa, ON - Outdoor With Facade
494-502.5 Somerset Street W, Ottawa, ON  - Outdoor With Facade
494-502.5 Somerset Street W, Ottawa, ON  - Outdoor
494-502.5 Somerset Street W, Ottawa, ON  - Outdoor With Facade
494-502.5 Somerset Street W, Ottawa, ON  - Outdoor With Facade
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494-502.5 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8
$2,650,000

Property Information:

Prime Investment opportunity in Centretown Ottawa! This mixed-use property boasts a prime location with a park adjacent, offering both convenience and tranquility. With potential for development or as a long-term investment, seize the chance to be part of Ottawa's thriving real estate market. Don't miss out on this versatile investment with endless possibilities. 14 Residential and 2 commercial stores. This property includes 494-502 1/2 Somerset. Nice workshop in the lower level of 494 Somerset. 2 Coin operated washers and dryers. The lot is 128x109 but checks in to 88 feet in depth from 496-502.5. (id:7525)

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1900
  • Irregular: Yes
  • Lot Depth: 109.0 Feet
  • Lot Frontage: 128.0 Feet
  • Lot Size: 128 ft X 109 ft (Irregular Lot)
  • Zoning: TM14H(20)
  • No. of Parking Spaces: 6

REALTOR.ca  

Location of 494-502.5 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

31 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

31 hot days expected in 2050

48/100

High

ClimateCheck®

Current data

This property, 494-502.5 SOMERSET STREET W , experiences 7 hot days per year at around 31.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.2℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 494-502.5 SOMERSET STREET W , experiences 11 significant 2-day storms per year, with about 319.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.5mm of precipitation per year.

Precipitation Per Storm

Past
319.2mm
2050
408.5mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 494-502.5 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$124,651.07

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.51 %

High school certificate or equivalent

18.56 %

Apprenticeship trade certificate/diploma

3.31 %

College/non-university certificate

13.82 %

University certificate (below bachelor)

3.21 %

University Degree

51.59 %

Commuter

Travel To Work

By Car

35.43 %

By Public Transit

19.65 %

By Walking

36.4 %

By Bicycle

2.59 %

By Other Methods

5.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

90.03 %

Houses

9.97 %

Own Vs. Rent