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$1,100,000
Ontario,Ottawa
For Sale Active
474 SOMERSET STREET W, Ottawa, Ontario K1R5J8
  • 2,809 Sqft
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Basic Details
Description

HIGH RETURN property – UNIQUE and in the heart of Centretown CENTRAL OTTAWA! LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around

you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of its size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) – EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing… WE WELCOME OFFERS! (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12671378
  • Price: $1,100,000
  • Square Footage: 2,809 Sqft
  • Status: Active
  • Office Name: RE/MAX HALLMARK REALTY GROUP
  • Property Sub Type: Office
  • Office Key: 283783
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Ottawa, K1R5J8
  • Street: SOMERSET
  • Street Number: 474
  • Street Suffix: Street
  • Longitude: W76° 18' 1.5''
  • Latitude: N45° 24' 49.5''
  • Street Dir Suffix: West
Additional Information
  • Water Source:
  • Lot Size Dimensions: Bldg=29 x 110 FT ; 0
Financial
  • Tax Annual Amount: 12984.16
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Listing updated: 2026-01-17 04:06:30
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Listing Information
  • List Agent Key: 1586555
  • List Office Key: 283783
  • Modification Timestamp: 2026-01-09T14:05:15Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-01-09T13:53:23Z
Powered by REALTOR.ca
Listing updated: 2026-01-17 04:06:31
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