Currently bringing in $7,000/month in rental income, this rare and versatile detached property in the heart of Centretown is a standout opportunity for investors and developers. Zoned TM, it allows for both residential and commercial use, offering endless potential. The home is split into two self-contained units with separate entrances, and was reconfigured in 2022 into a spacious four-bedroom layout with over $50,000 in upgrades, including new appliances. Its zoned as a triplex and permits both residential and commercial/industrial uses, making it ideal for future conversion or redevelopment. The main level is currently set up as a hair salon, while the upper unit is tenanted. Bonus features include a second-floor balcony, dry basement, and major system updates in 2014 (roof, furnace) Located just steps from Little Italy, Chinatown, LeBreton Flats, and the new LRT, this is a prime piece of Ottawa real estate!
Address
640 Somerset Street W
List Price
$850,000
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
sale
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
110.01
Lot Type
Building
Lot Size Units
Feet
Lot Width
25.85
MLS® Number
X12268633
Listing Brokerage
FIDACITY REALTY
Postal Code
K1R 5K4
Tax Amount
$8,300.00
Tax Year
2025
Heat Type
Gas Forced Air Open
Cooling Features
No
Garage Type
None
Security Features
No
