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.
Address
843-839 Somerset Street W
List Price
$2,100,000
MLS® Status
New
Expiration Date
2027-01-20
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4204 - West Centre Town
Region
Ottawa
Lot Depth
65.97
Lot Type
Building
Lot Size Units
Feet
Lot Width
82.57
Parcel Number
041100286
Total Building Area
5446.53
Occupant Type
Tenant
Cross Street
Rochester Street & Somerset Srreet
MLS® Number
X12720182
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement
Yes
Postal Code
K1R 6R6
Posession Details
TBD
Tax Amount
$39,105.73
Tax Year
2025
Site Influences
Public Transit
Community Features
Public Transit
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Security Features
No