673-675 Somerset Street W, West Centre Town, ON K1R 6P3

West Centre Town K1R 6P3 Ontario

MLS: X12968770

$2,150,000

Added 1 day ago | For Sale

Listed by: ROYAL LEPAGE INTEGRITY REALTY

About Property

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.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 24 X 71.13
  • Water:Municipal
  • Garage Spaces: /Public
  • Driveway:
  • Heating Fuel:
  • Cross Street:Bronson Ave & Somserset
  • Basement: ,
  • Possession Date:TBD - Flexible
  • Annual Property taxes: $12782
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Other
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12968770

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