621 Somerset St W - Storefront Retail/Residential FOR SALE


Ottawa, ON K1R 5K3- Downtown | 
$879,270 CAD
613-691-2122
621 Somerset St W, Ottawa, ON for Sale
$879,270 CAD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

621 Somerset St W
Ottawa, ON K1R 5K3
Downtown


HIGHLIGHTS

  • Situated on Somerset Street West, offering significant frontage and exposure in a busy arterial corridor.
  • Tenant-improved interior layouts with existing retail configurations for immediate operability.
  • Flexible zoning (TM [2185]H(16)) permits diverse commercial and residential uses.

OVERVIEW

621 Somerset Street offers an established urban retail asset situated in the heart of Ottawa Centre’s Somerset corridor, one of the city’s most recognized commercial and cultural districts. Positioned on a high-traffic roadway, this freehold property provides unrivaled street visibility and walkable accessibility to a diverse consumer base. At approximately 3,786 square feet, the property benefits from tenant-improved interiors and existing retail fit-outs that support continued income generation while allowing flexibility for ownership strategies. With near-term lease expiries, the purchaser gains opportunities to extend current tenancies or reposition the asset for higher and better use, whether retail-driven or mixed commercial. The zoning (TM [2185]H(16)) permits a wide range of commercial and residential applications, broadening the scope for adaptive reuse and future redevelopment potential. Located in proximity to Ottawa’s central civic institutions, multifamily density, and mass transit connections, this asset meets the needs of seasoned investors and owner-users seeking long-term stability within a mature market corridor.

FOR SALE DETAILS

PRICE

$879,270 CAD

PRICE/SF

$425 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

061406300123500

ASK ABOUT THIS PROPERTY

613-691-2122

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613-691-2122

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