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$724,900
Ontario,Ottawa
For Sale Active
640 SOMERSET STREET W, Ottawa, Ontario K1R5K4
  • 1,500 Sqft
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Basic Details
Description

INVESTORS & DEVELOPERS! Currently generating $7, 042/month ($84, 504/year) in gross rental income, this rare detached mixed-use property in the heart of Centretown West offers exceptional flexibility and future potential. The upper residential unit is rented for $2, 300/month, the main-floor commercial space for $3, 842/month through 2027, plus $900/month from the rear space. Zoned TM(2185) H(16), the property offers

residential and commercial possibilities and multiple income streams. The main level is currently configured as commercial space, while the self-contained upper unit features a separate entrance and private second-floor balcony. Significant improvements were completed in 2022, including updated appliances and interior upgrades. Additional features include a dry basement and major system updates including roof and furnace. Ideally positioned on Somerset St W in vibrant Chinatown, just minutes from Little Italy, LeBreton Flats, downtown, shops, restaurants, transit and the LRT. Strong income today with exciting long-term potential. (Buyer to verify zoning, permitted uses and redevelopment possibilities. Sold as is) (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X13775652
  • Price: $724,900
  • Square Footage: 1,500 Sqft
  • Status: Active
  • Office Name: FIDACITY REALTY
  • Property Sub Type: Retail
  • Office Key: 285087
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
Address Map
  • Location: CA, Ontario, Ottawa, K1R5K4
  • Street: Somerset
  • Street Number: 640
  • Street Suffix: Street
  • Longitude: W76° 17' 43.5''
  • Latitude: N45° 24' 42.1''
  • Street Dir Suffix: West
Additional Information
  • Water Source:
  • Lot Size Dimensions: Bldg=25.85 x 110.01 FT
Financial
  • Tax Annual Amount: 8300
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Listing updated: 2026-09-12 01:06:49
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Listing Information
  • List Agent Key: 1918379
  • List Office Key: 285087
  • Modification Timestamp: 2026-09-12T02:30:00Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-09-12T02:23:12Z
Powered by REALTOR.ca
Listing updated: 2026-09-12 01:06:50
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