673-675 SOMERSET STREET W
Ottawa, Ontario
MLS® X12968770
$2,150,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X12968770
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 37Listing description
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.
Property summary
- MLS® number
- X12968770
- Property type
- Retail
- Square footage
- 4,026 sq ft
- Land size
- 24 x 71.13 FT
- Annual property taxes
- $12,782.00
- Days on market
- 141 days
Features & details
- Heating
- Other
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $2,150,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.