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843-839 Somerset Street, Ottawa, ON 40 photos

$2,100,000

Active
843-839 Somerset Street, Ottawa, ON· West Centre Town
5446.53
Sq Ft

About this Property

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.

Listed by RE/MAX HALLMARK REALTY GROUP · MLS# X12720182

Features & Details

Property details of 843-839 Somerset Street, Ottawa, ON

Property TypeCommercial Retail
StyleRetail
Size5446.53 sq ft

Mortgage Calculator

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Mortgage Payment$10,317/monthly
Principal54%
Interest46%
Principal Amount$1,680,000
Interest$1,415,001
Total Payable$3,095,001
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$10,317
Mortgage + Expenses$10,317
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$
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Monthly Cash Flow-$10,317

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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