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$1,900,000
Ontario,Ottawa
For Sale Active
843-839 SOMERSET STREET W, Ottawa, Ontario K1R6R6
  • 5,447 Sqft
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Basic Details
Description

Incredible Investment Opportunity in the Heart of Chinatown! Located on bustling Somerset Street West, this traditional Main Street-zoned property offers excellent passive income potential with a projected annual income of $120, 000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses.The adjacent unit has recently been

rented on a 5 year lease with a 5% yearly escalation starting at $6, 400/month + HST. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63, 000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property Highlights: High visibility with large street-facing windows, 6 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don’t miss your chance to own a versatile, income-generating property in one of the city’s most dynamic neighbourhoods. (id:62783)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X13440410
  • Price: $1,900,000
  • Square Footage: 5,447 Sqft
  • Status: Active
  • Office Name: RE/MAX HALLMARK REALTY GROUP
  • Property Sub Type: Retail
  • Office Key: 278197
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Ottawa, K1R6R6
  • Street: Somerset
  • Street Number: 843-839
  • Street Suffix: Street
  • Longitude: W76° 17' 15.2''
  • Latitude: N45° 24' 32.8''
  • Street Dir Suffix: West
Additional Information
  • Water Source:
  • Lot Size Dimensions: Bldg=82.57 x 65.97 FT
Financial
  • Tax Annual Amount: 39105.73
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Listing updated: 2026-07-09 17:36:06
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Listing Information
  • List Agent Key: 2164341
  • List Office Key: 278197
  • Modification Timestamp: 2026-06-12T23:05:06Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-06-12T22:55:44Z
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Listing updated: 2026-07-09 17:36:07
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