ACTIVE
474 Somerset Street W Ottawa, Ontario K1R 5J8
$1,100,000
2,809 ft<sup>2</sup>
Fully Air ConditionedForced Air
HIGH RETURN property - UNIQUE and in the heart of Centretown CENTRAL OTTAWA! LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) - meaning you can build up to 20 meters high! LOT SIZE 29 x 110 feet. 5 parking spaces in the back. 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 its 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
- X12671378
- Property Type
- Office
- Community Name
- 4103 - Ottawa Centre
- Equipment Type
- Water Heater
- Parking Space Total
- 5
- Rental Equipment Type
- Water Heater
Building
- Appliances
- Furniture
- Cooling Type
- Fully Air Conditioned
- Heating Fuel
- Natural Gas
- Heating Type
- Forced Air
- Size Exterior
- 2809 Sqft
- Size Interior
- 2,809 Ft<sup>2</sup>
- 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
Neighbourhood
Moe Mcilwain
Salesperson
www.investproperty.ca/
RE/MAX Hallmark Realty Group
700 Eagleson Road, Suite 105
Ottawa, Ontario K2M 2G9
700 Eagleson Road, Suite 105
Ottawa, Ontario K2M 2G9
(613) 663-2720
(613) 592-9701
www.hallmarkottawa.com/
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 27 2026 12:53:03
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group