Outstanding mixed-use investment opportunity in the heart of downtown Ottawa! This charming two-storey property features a licensed, fully equipped 1000 sq. ft. restaurant on the main level, complete with a commercial kitchen, three washrooms, and a welcoming patio space perfect for guests. The existing liquor license is transferable, and restaurant equipment is included - offering a turnkey solution for food entrepreneurs or investors. Above, a fully furnished two-bedroom apartment currently operates as a successful short-term rental, presenting immediate income potential. The basement is partially finished with a full washroom and offers excellent storage or additional development opportunities. Benefit from TWO private parking spaces, high pedestrian exposure, and direct access to public transit. Zoned for mixed commercial and residential use, this versatile property is ideal for owner-occupiers, restaurateurs, investors, or those seeking a live/work setup. Whether you're looking to continue with short-term rentals, convert to long-term tenants, or reimagine the space for a new business concept - the possibilities are endless! Don't miss your chance to own a centrally located, income-generating gem in vibrant Chinatown!
Address
820 Somerset Street W
List Price
$925,000
MLS® Status
Price Change
Expiration Date
2026-02-03
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4205 - West Centre Town
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
90.07
Lot Type
Lot
Lot Size Units
Feet
Lot Width
20.17
Parcel Number
041080120
Total Building Area
1000
Occupant Type
Vacant
Cross Street
Somerset St W and Booth St
MLS® Number
X12480805
Listing Brokerage
ROYAL LEPAGE INTEGRITY REALTY
Postal Code
K1R 6R5
Posession Details
FLEX
Tax Amount
$9,042.00
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Partial
Garage Type
Outside/Surface
Security Features
Partial