827 Somerset St W - Storefront Retail/Residential FOR SALE


Ottawa, ON K1R 6R4- Westboro
$1,589,900 CAD
613-723-4545
827 Somerset St W, Ottawa, ON for Sale
$1,589,900 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

827 Somerset St W
Ottawa, ON K1R 6R4
Westboro


HIGHLIGHTS

  • Fully tenanted mixed-use building with two floors and a new roof replaced in 2021.
  • Main level leased to a restaurant generating $4,500/month, with lease in place until September 30, 2027.
  • Second-floor 4-bedroom residential unit currently occupied on a month-to-month basis.
  • Potential to convert upper level into two separate 2-bedroom, 1-bath units for added rental income.

OVERVIEW

This fully operating mixed-use building features two floors, with a new roof installed in 2021, along with a recently upgraded high-efficiency gas furnace and hot water tank. The main level is currently leased to a restaurant tenant, generating $4,500 in monthly rental income with a lease in place until September 30, 2027. The second level is a 4-bedroom residential unit, currently tenanted on a month-to-month basis, offering flexibility for future occupancy or redevelopment. The property also presents an excellent conversion opportunity—potential to reconfigure the upper floor into two separate 2-bedroom, 1-bath units, increasing rental versatility and income potential.

FOR SALE DETAILS

PRICE

$1,589,900 CAD

PRICE/SF

$605 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

1980

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

TM (112) H (16)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John ZagermanJohn Zagerman Real Estate Services LtdMore Info
613-723-4545

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John ZagermanJohn Zagerman Real Estate Services LtdMore Info
613-723-4545

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