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.
Address
673-675 Somerset Street W
List Price
$2,150,000
MLS® Status
New
Expiration Date
2026-09-29
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4204 - West Centre Town
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
71.13
Lot Type
Lot
Lot Size Units
Feet
Lot Width
24
Parcel Number
041110176
Total Building Area
4025.7
Occupant Type
Tenant
Cross Street
Bronson Ave & Somserset
MLS® Number
X12968770
Listing Brokerage
ROYAL LEPAGE INTEGRITY REALTY
Postal Code
K1R 6P3
Posession Details
TBD - Flexible
Tax Amount
$12,782.00
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Other
Cooling Features
Yes
Garage Type
Public
Security Features
No