673-675 Somerset Street W, West Centre Town, ON K1R 6P3, West Centre Town, ON, K1R 6P3
MLS: X12968770 | Commercial Retail
$2,150,000
Property Description
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.
Quick Facts
- Property Type: Commercial Retail
- Bedrooms: None
- Bathrooms: None
Costs
- Annual Taxes: $12,782.00 (2025)
Listing Provided by: ROYAL LEPAGE INTEGRITY REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Yes
- Utilities: Available
- Security: No
Lot & Land
- Zoning: TM[112]H(16)
Community & Neighbourhood
- Neighbourhood: 4204 - West Centre Town
Listing Information
Listing History
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673-675 Somerset Street W, West Centre Town, ON K1R 6P3, West Centre Town, ON, K1R 6P3