673-675 Somerset Street W, West Centre Town, ON K1R 6P3
West Centre Town , K1R 6P3
$2,150,000.00
4025.7 Square Feet
Commercial
Property Details
| MLS Number | X12968770 |
| Property Type | Commercial |
| City | West Centre Town |
| City Region | 4204 - West Centre Town |
| Postal Code | K1R 6P3 |
| Cross Street | Bronson Ave & Somserset |
| Street Number | 673-675 |
| Street Name | Somerset |
| Lot Width | 24 ft |
| Lot Depth | 71.13 ft |
| Building Area | 4025.7 Square Feet |
| Annual Tax | $12,782.00 |
| Utilities | Available |
| Occupant Type | Tenant |
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.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads