843-839 Somerset Street W, West Centre Town, ON K1R 6R6
West Centre Town, ON, K1R 6R6 · 4204 - West Centre Town
About this property
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.
Features & Amenities
- Garage: None
- Cooling: Yes
- Heat Type: Gas Forced Air Closed
Property Details
| Property Type | Commercial |
|---|---|
| Property Sub-Type | Commercial Retail |
| Lot Size | 5,447 Feet |
| Garage | None |
| Heat Type | Gas Forced Air Closed |
| Cooling | Yes |
| Annual Tax | $39,106 |
| Tax Year | 2025 |
Building & Construction
- Building Area Total
- 5446.53
Heating & Cooling
- Heat Type
- Gas Forced Air Closed
- Cooling
- Yes
Parking & Garage
- Garage Type
- None
Lot & Land
- Lot Size Area
- 5446.53
- Lot Size Units
- Feet
- Lot Depth
- 65.97
- Lot Width
- 82.57
Community & Neighborhood
- Community Features
- Public Transit
Financial & Tax
- Tax Annual Amount
- $39,106
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBD
Utilities & Services
- Utilities
- Available
Additional Details
- Occupant Type
- Tenant
- County Or Parish
- Ottawa
- Cross Street
- Rochester Street & Somerset Srreet
- Directions
- Located at the north corner of Rochester and Somerset St. Between Preston St. and Rochester St.
- Showing Requirements
- Lockbox, Showing System
Location
843-839 Somerset Street W, West Centre Town, ON K1R 6R6, West Centre Town, ON, K1R 6R6