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$1,049,000
Available - For Sale
Listing ID: X12316026
Welcome to 551 Somerset Street. Timeless Charm with Modern Upgrades. Step into a building that blends the classic style and character of the past with the convenience and safety of modern construction. Fully restructured and extensively renovated in 2016, this turn-key property offers peace of mind with upgrades that meet current building and fire codes. Major Renovations Completed in 2016 Include: Full replacement of all mechanical, electrical, and plumbing systems (including underground plumbing to the City sewer) All floor joists replaced for enhanced structural integrity. Upgraded electrical systems (separately metered for two units)Installation of all new windows, doors, and roofing. Two new furnaces. Additional Features: Two new air conditioners installed in 2021, two separately metered units ideal for investment. Architectural drawings/plans available upon request. Perfectly located across from Dundonald Park, this property offers a blend of lifestyle and investment opportunity in one of the city's most sought-after neighbourhoods. Don't miss your chance to own this beautifully updated and well-located gem. A true turn-key opportunity in the heart of the city.
Price $1,049,000
Taxes: $21,487
Tax Type: Annual
Occupancy by: Tenant
Address: 551 SOMERSET Stre West , Ottawa Centre, K1R 5J9, Ottawa
Postal Code: K1R 5J9
Province/State: Ottawa
Legal Description: PT LT 13, PL 15061 , N/S SOMERSET, AS IN
Lot Size: 8.18 x 77.7 (Feet)
Directions/Cross Streets: Somerset Street and Bay Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Retail
Building Percentage: T
Total Area: 2,400
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Maintenance: 0
Water Expense: $500
Expenses Actual/Estimated: $Act
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TEAM REALTY

551 SOMERSET Stre West , Ottawa Centre, K1R 5J9, Ottawa


 
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At a Glance:
Type: Com - Commercial Retail
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4102 - Ottawa Centre
Style:
Lot Size: 8.18 x 77.70(Feet)
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Tax: $21,487
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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