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. (id:4069)
Address
673-675 SOMERSET STREET W
List Price
$2,150,000
Property Type
Retail
Type of Dwelling
Retail
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Floor Area
4,026 Sq. Ft.
Lot Size
24 x 71.13 FT Sq. Ft.
MLS® Number
X12968770
Listing Brokerage
ROYAL LEPAGE INTEGRITY REALTY
Postal Code
K1R6P3
Zoning
TM[112]H(16)
