474 Somerset Street W Ottawa, Ontario K1R 5J8
$999,900
LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of it's size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87, 165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS! (id:28469)
Property Details
| MLS® Number | X12470520 |
| Property Type | Office |
| Neigbourhood | Chinatown |
| Community Name | 4103 - Ottawa Centre |
| Equipment Type | Water Heater |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
Building
| Appliances | All, Furniture |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 2809 Sqft |
| Size Interior | 2,809 Ft2 |
| Type | Offices |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 110 Ft |
| Size Frontage | 29 Ft |
| Size Irregular | Bldg=29 X 110 Ft ; 0 |
| Size Total Text | Bldg=29 X 110 Ft ; 0 |
| Zoning Description | Tm14 H |
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October 19 2025 01:55:54
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group