839 Somerset St W - Retail FOR SALE


Ottawa, ON K1R 6R6- Westboro
$2,100,000 CAD
613-909-8807
839 Somerset St W, Ottawa, ON for Sale
$2,100,000 CAD
Retail - FOR SALE
1/10
null | Request Cap Rate

839 Somerset St W
Ottawa, ON K1R 6R6
Westboro


HIGHLIGHTS

  • Incredible Investment Opportunity in the Heart of Chinatown
  • Located on bustling Somerset Street West with high visibility
  • Projected annual income: $120,000
  • Long-standing restaurant tenant under triple net lease (covers all utilities)
  • Flexible Main Street zoning: restaurant, commercial, or multi-unit residential redevelopment
  • Large street-facing windows for maximum exposure

OVERVIEW

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 is currently vacant and presents an exceptional opportunity potentially renting for up to $6,900/month. 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, 5 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. (41253830)

FOR SALE DETAILS

PRICE

$2,100,000 CAD

PRICE/SF

$386 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

61406340143000

ASK ABOUT THIS PROPERTY

John HaddadTeam Makan Real EstateMore Info
613-909-8807

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John HaddadTeam Makan Real EstateMore Info
613-909-8807

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