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673-675 Somerset Street W

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  • 4,026 ft2
  • Fully Air Conditioned
  • Other

$2,150,000

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. (id:50982)

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Details

Property Details
MLS® Number X12968770
Property Type Retail
Neigbourhood Centretown West
Community Name 4204 - West Centre Town
Farm Type Other
Building
Cooling Type Fully Air Conditioned
Heating Type Other
Size Interior 4,026 Ft2
Utility Water Municipal Water
Land
Acreage No
Size Depth 71 Ft ,1 In
Size Frontage 24 Ft
Size Irregular 24 X 71.13 Ft
Size Total Text 24 X 71.13 Ft
Zoning Description Tm[112]h(16)

Map

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