Prime mixed-use investment opportunity in the heart of Ottawa! Welcome to 640 Somerset Street West, ideally situated along a vibrant and highly desirable commercial corridor offering excellent street exposure and strong foot traffic potential. Surrounded by popular restaurants, cafés, shops, and established businesses, this exceptional location is just minutes from Chinatown, Little Italy, downtown Ottawa, public transit, and numerous amenities. The main floor features a versatile commercial space complete with two bathrooms, offering excellent potential for a variety of business uses. Upstairs, a spacious unit offers two bedrooms, two full bathrooms, and a full kitchen, ideal for owner occupancy or rental income. An additional accessory unit at the rear, complete with its own bathroom, provides added flexibility and potential. This unique property offers an attractive combination of commercial visibility, residential accommodations, and investment versatility in one of Ottawa's most dynamic urban neighbourhoods. Whether you're an investor, business owner, or entrepreneur looking to establish a presence in a thriving location, this is an opportunity not to be missed! Buyer to verify permitted uses and zoning requirements. (id:28469)
Facts & features
Property
MLS® Number
X14150460
Property Type
Retail
Neighbourhood
Chinatown
Community Name
4103 - Ottawa Centre
Amenities Near By
Public Transit
Building
Bathroom Total
5
Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Exterior
1500 Sqft
Size Interior
1,500 Sqft
Utility Water
Municipal Water
Land
Acreage
No
Land Amenities
Public Transit
Size Depth
110 Ft
Size Frontage
25 Ft ,10 In
Size Irregular
Bldg=25.85 X 110.01 Ft
Size Total Text
Bldg=25.85 X 110.01 Ft
Zoning Description
Tm[2185]h(16)
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$2,833/mo
Ontario land transfer tax
$9,273 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.