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843-839 Somerset Street W, West Centre Town, ON K1R 6R6

West Centre Town, ON, K1R 6R6 · 4204 - West Centre Town

Sq Ft
Commercial Retail Type
X13440410 MLS#

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

Listing courtesy of AVENUE NORTH REALTY INC.
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