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$ 2,150,000
Est. payment /mo
Active
673-675 Somerset ST W West Centre Town, ON K1R 6P3
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 4204 - West Centre Town
MLS Listing ID X12968770
Annual Tax Amount $12,782
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
LANDMARK mixed-use investment opportunity in the heart of Ottawa's vibrant Chinatown. Situated on a high-visibility corner at Somerset St W and Bronson Ave, this fully tenanted property features 6 units, including 2 ground-floor commercial spaces and 4 residential apartments above. The commercial component is anchored by established tenants Pizza Pizza and TeaLive, both on triple net leases, providing stable, hands-off income. Residential units offer strong upside potential with below-market rents, allowing investors to increase cash flow over time. Zoned TM[112]H(16), this property allows for a wide range of commercial and residential uses, making it ideal for both investors and future redevelopment. Located in a high-foot-traffic area surrounded by restaurants, retail, and transit, demand continues to grow as Chinatown undergoes revitalization. This is a rare opportunity to secure a stable, income-generating asset with long-term growth potential.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 24.0
Lot Depth 71.13
Others
Security Features No
ParcelsYN No
Virtual Tour https://discover.matterport.com/space/HA9gTv3AoGf
Listed by ROYAL LEPAGE INTEGRITY REALTY