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673-675 Somerset Street, Ottawa, ON 36 photos

$2,150,000

Active
673-675 Somerset Street, Ottawa, ON· West Centre Town
4025.7
Sq Ft

About this Property

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.

Listed by ROYAL LEPAGE INTEGRITY REALTY · MLS# X12968770

Features & Details

Property details of 673-675 Somerset Street, Ottawa, ON

Property TypeCommercial Retail
StyleHighway Commercial
Size4025.7 sq ft
Total ParkingPublic

Mortgage Calculator

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Mortgage Payment$10,562/monthly
Principal54%
Interest46%
Principal Amount$1,720,000
Interest$1,448,691
Total Payable$3,168,691
Amortization25 years

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

Cash Flow Analysis

Mortgage payment$10,562
Mortgage + Expenses$10,562
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$
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Monthly Cash Flow-$10,562

* 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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