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$ 4,800,000
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Active
691-701 SOMERSET ST W West Centre Town, ON K1R 6P5
14,324 SqFt
UPDATED:
12/20/2024 01:39 AM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 14,324 sqft
Price per Sqft $335
Subdivision 4204 - West Centre Town
MLS Listing ID X9768534
Annual Tax Amount $64,475
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
691-701 Somerset Street West is one of Chinatown's most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.
Location
Province ON
County Ottawa
Community 4204 - West Centre Town
Area Ottawa
Rooms
Family Room No
Interior
Cooling Partial
Exterior
Utilities Available Unknown
Roof Type Unknown
Lot Depth 85.0
Others
Security Features Unknown
Pets Allowed Unknown
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES