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$850,000
Available - For Sale
Listing ID: X12268633
Currently bringing in $5,800 month in rental income, this rare and versatile detached property in the heart of Centretown is a standout opportunity for investors and developers. Zoned TM, it allows for both residential and commercial use, offering endless potential. The home is split into two self-contained units with separate entrances, and was reconfigured in 2022 into a spacious four-bedroom layout with over $50,000 in upgrades, including new appliances. Its zoned as a triplex and permits both residential and commercial/industrial uses, making it ideal for future conversion or redevelopment. The main level is currently set up as a hair salon, while the upper unit is tenanted. Bonus features include a second-floor balcony, dry basement, and major system updates in 2014 (roof, furnace) Located just steps from Little Italy, Chinatown, LeBreton Flats, and the new LRT, this is a prime piece of Ottawa real estate
Price $850,000
Taxes: $8,300
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Partial
Address: 640 Somerset Stre West , Ottawa Centre, K1R 5K4, Ottawa
Postal Code: K1R 5K4
Province/State: Ottawa
Directions/Cross Streets: Bronson
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
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Category: Multi-Use
Building Percentage: T
Total Area: 1,500
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
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FIDACITY REALTY

640 Somerset Stre West , Ottawa Centre, K1R 5K4, Ottawa


 
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At a Glance:
Type: Com - Commercial Retail
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: x 110.01(Feet)
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Tax: $8,300
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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