673-675 Somerset St W - Storefront Retail/Residential FOR SALE


Ottawa, ON K1R 6P3- Westboro
$2,150,000 CAD
613-447-9983
673-675 Somerset St W, Ottawa, ON for Sale
$2,150,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

673-675 Somerset St W
Ottawa, ON K1R 6P3
Westboro


HIGHLIGHTS

  • Fully occupied mixed-use property with two ground-floor commercial spaces and four residential apartments above.
  • Stable, long-term income supported by nationally recognized tenants Pizza Pizza and TeaLive on triple net leases.
  • Exceptional location at Somerset Street West and Bronson Avenue in Ottawa’s Chinatown, offering high visibility and foot traffic.
  • Zoned TM[112]H(16), permitting flexible commercial and residential uses and future redevelopment opportunities.

OVERVIEW

LANDMARK mixed-use investment opportunity in the heart of Ottawa's vibrant Chinatown. Situated on a high-visibility corner at Somerset St W and Bronson Ave, this fully tenanted property features 6 units, including 2 ground-floor commercial spaces and 4 residential apartments above. The commercial component is anchored by established tenants Pizza Pizza and TeaLive, both on triple net leases, providing stable, hands-off income. Residential units offer strong upside potential with below-market rents, allowing investors to increase cash flow over time. Zoned TM[112]H(16), this property allows for a wide range of commercial and residential uses, making it ideal for both investors and future redevelopment. Located in a high-foot-traffic area surrounded by restaurants, retail, and transit, demand continues to grow as Chinatown undergoes revitalization. This is a rare opportunity to secure a stable, income-generating asset with long-term growth potential.

FOR SALE DETAILS

PRICE

$2,150,000 CAD

PRICE/SF

$328 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

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,141 SF

ZONING

TM[112]H(16)

APN/PARCEL ID

061406320102000

ASK ABOUT THIS PROPERTY

David WenRoyal Lepage Integrity RealtyMore Info
613-447-9983

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David WenRoyal Lepage Integrity RealtyMore Info
613-447-9983

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.