640 Somerset Street W Ottawa, Ontario K1R 5K4
$850,000
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, A/C). Located just steps from Little Italy, Chinatown, LeBreton Flats, and the new LRT, this is a prime piece of Ottawa real estate with serious upside. (id:48755)
Property Details
| MLS® Number | X12268633 |
| Property Type | Retail |
| Community Name | 4103 - Ottawa Centre |
Building
| Appliances | Dishwasher, Dryer, Washer |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Exterior | 1500 Sqft |
| Size Interior | 1500 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| 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) |
https://www.realtor.ca/real-estate/28570684/640-somerset-street-w-ottawa-4103-ottawa-centre
Interested?
Contact us for more information
Brittany Brown
Broker
www.bteamottawa.com/
1000 Innovation Drive
Ottawa, Ontario K2K 3E7
(613) 282-7653
https://ontario.fidacityrealty.com/
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July 07 2025 08:54:40
Ottawa Real Estate Board
Fidacity Realty