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640 Somerset Street W Ottawa, Ontario K1R 5K4

1,500 ft2
Other

$850,000

Currently bringing in $7,000/month in rental income, this rare and versatile detached property in the heart of Centretown is a standout opportunity for investors and developers. Zoned TM, it allows for both residential and commercial use, offering endless potential. The home is split into two self-contained units with separate entrances, and was reconfigured in 2022 into a spacious four-bedroom layout with over $50,000 in upgrades, including new appliances. Its zoned as a triplex and permits both residential and commercial/industrial uses, making it ideal for future conversion or redevelopment. The main level is currently set up as a hair salon, while the upper unit is tenanted. Bonus features include a second-floor balcony, dry basement, and major system updates in 2014 (roof, furnace) Located just steps from Little Italy, Chinatown, LeBreton Flats, and the new LRT, this is a prime piece of Ottawa real estate! (id:37351)

Property Details

MLS® Number X12268633
Property Type Retail
Community Name 4103 - Ottawa Centre

Building

Appliances Dishwasher, Dryer, Washer
HeatingFuel Natural Gas
HeatingType Other
SizeExterior 1500 Sqft
SizeInterior 1,500 Ft2
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 110 Ft
SizeFrontage 25 Ft ,10 In
SizeIrregular Bldg=25.85 X 110.01 Ft
SizeTotalText Bldg=25.85 X 110.01 Ft
ZoningDescription Tm[2185]h(16)

https://www.realtor.ca/real-estate/28570684/640-somerset-street-w-ottawa-4103-ottawa-centre

Contact Us

Contact us for more information


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Brittany Brown
Broker

(613) 282-7653
www.bteamottawa.com/

Fidacity Realty
1000 Innovation Drive
Ottawa, Ontario K2K 3E7

(613) 282-7653
ontario.fidacityrealty.com/

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