638-640 SOMERSET STREET W, Ottawa, ON K1R5K4
638-640 SOMERSET STREET W, Ottawa, ON K1R5K4
638-640 SOMERSET STREET W, Ottawa, ON K1R5K4
638-640 SOMERSET STREET W, Ottawa, ON K1R5K4
638-640 SOMERSET STREET W, Ottawa, ON K1R5K4
638-640 SOMERSET STREET W, Ottawa, ON K1R5K4
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$ 880,000
Est. payment | /mo

2,200 SqFt


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$ 880,000
Est. payment | /mo
Save

2,200 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2200

Square Footage 2,200 sqft

Price per Sqft $400

Subdivision 4103 - Ottawa Centre

MLS® Listing ID X12956190

Property Description

Prime mixed-use opportunity in the heart of Centretown. This detached 2-storey property offers flexible TM zoning allowing for residential, commercial, or mixed-use, making it ideal for investors, business owners, or live/work scenarios. Currently configured as two self-contained units and a bonus accessory unit with a separate vestibule entrance, with the option to convert to a 4-bedroom residential layout.Positioned on a 110 ft deep lot with ample on-site parking, this well-maintained building is clean, functional, and full of upside. The main level was previously operated as a restaurant and is set up to meet fire and safety requirements (buyer to verify), while the upper unit features a private balcony. The property also includes a dry basement, adding usable storage or future potential.Recent updates include over $80,000 in upgrades and major components such as roof, furnace, and A/C (approx. 2013-2014). According to MPAC, the property is recognized as a triplex with residential and commercial/industrial use, providing strong long-term flexibility and redevelopment potential.Unbeatable location just steps to Little Italy, Chinatown, LeBreton Flats, and within walking distance to the LRT, offering excellent access to transit, amenities, and future growth.Investor bonus: opportunity to acquire the neighbouring property for a potential land assembly.A rare, versatile asset in a high-demand urban corridor. Great for an investment now, maybe a owner-operated unit in the future! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

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Listed by RE/MAX HALLMARK REALTY GROUP

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Sanjeev Srivastava
Sanjeev Srivastava

REALTOR®

+1(613) 298-9035 | info@perfecthomeswithsanjeev.com

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638-640 SOMERSET STREET W