ON > West Centre Town > 4204 - West Centre Town
West Centre Town, ON K1R 6R6,843-839 Somerset ST W
West Centre Town, ON K1R 6R6,843-839 Somerset ST W
West Centre Town, ON K1R 6R6,843-839 Somerset ST W
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$2,100,000
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5,446 SqFt
Active

843-839 Somerset ST W West Centre Town, ON K1R 6R6

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 5,446 sqft

Price per Sqft $385

Subdivision 4204 - West Centre Town

MLS Listing ID X12399644

Annual Tax Amount $39,105

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

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 is currently vacant and presents an exceptional opportunity potentially renting for up to $6,900/month. 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, 5 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.

Location

Province ON

County Ottawa

Community 4204 - West Centre Town

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 82.57

Lot Depth 65.97

Others

Security Features No

ParcelsYN No

Listed by RE/MAX HALLMARK REALTY GROUP
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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843-839 Somerset ST W

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