673-675 Somerset Street W Ottawa, Ontario K1R 6P3
$2,150,000
LANDMARK mixed-use investment opportunity in the heart of Ottawa's vibrant Chinatown. Situated on a high-visibility corner at Somerset St W and Bronson Ave, this fully tenanted property features 6 units, including 2 ground-floor commercial spaces and 4 residential apartments above. The commercial component is anchored by established tenants Pizza Pizza and TeaLive, both on triple net leases, providing stable, hands-off income. Residential units offer strong upside potential with below-market rents, allowing investors to increase cash flow over time. Zoned TM[112]H(16), this property allows for a wide range of commercial and residential uses, making it ideal for both investors and future redevelopment. Located in a high-foot-traffic area surrounded by restaurants, retail, and transit, demand continues to grow as Chinatown undergoes revitalization. This is a rare opportunity to secure a stable, income-generating asset with long-term growth potential. (id:63476)
Property Details
| MLS® Number | X12968770 |
| Property Type | Retail |
| Community Name | 4204 - West Centre Town |
| Farm Type | Other |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Type | Other |
| Size Interior | 4,026 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 71 Ft ,1 In |
| Size Frontage | 24 Ft |
| Size Irregular | 24 X 71.13 Ft |
| Size Total Text | 24 X 71.13 Ft |
| Zoning Description | Tm[112]h(16) |
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May 24 2026 11:15:54
Ottawa Real Estate Board
Royal LePage Integrity Realty