638-640 SOMERSET STREET W, Ottawa, Ontario, K1R5K4
MLS: X12956190 | Retail
$880,000
Property Description
Prime mixed-use opportunity in the heart of Centretown. This detached 2-storey property offers flexible TM zoning allowing for residential, commercial, or mixed-use, making it ideal for investors, business owners, or live/work scenarios. Currently configured as two self-contained units and a bonus accessory unit with a separate vestibule entrance, with the option to convert to a 4-bedroom residential layout.Positioned on a 110 ft deep lot with ample on-site parking, this well-maintained building is clean, functional, and full of upside. The main level was previously operated as a restaurant and is set up to meet fire and safety requirements (buyer to verify), while the upper unit features a private balcony. The property also includes a dry basement, adding usable storage or future potential.Recent updates include over $80,000 in upgrades and major components such as roof, furnace, and A/C (approx. 2013-2014). According to MPAC, the property is recognized as a triplex with residential and commercial/industrial use, providing strong long-term flexibility and redevelopment potential.Unbeatable location just steps to Little Italy, Chinatown, LeBreton Flats, and within walking distance to the LRT, offering excellent access to transit, amenities, and future growth.Investor bonus: opportunity to acquire the neighbouring property for a potential land assembly.A rare, versatile asset in a high-demand urban corridor. Great for an investment now, maybe a owner-operated unit in the future! (id:64974)
Quick Facts
- Property Type: Retail
- Bedrooms: None
- Bathrooms: None
- Living Area: 1,500 sq ft (139.4 m²)
- Frontage: 26 ft (8 m)
Costs
- Annual Taxes: $5,935.56
Listing Provided by: RE/MAX HALLMARK REALTY GROUP
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Fully air conditioned
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 26 ft (8 m)
- Zoning: TM(2185) H (16)
Community & Neighbourhood
- Neighbourhood: 4103 - Ottawa Centre
Listing Information
Listing History
MLS listing activity for 638-640 SOMERSET STREET W, Ottawa, Ontario, K1R5K4 — dates reflect when changes were recorded in the DDF
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±5%Match BedroomsYesMatch BathroomsYes
673-675 SOMERSET STREET W, Ottawa
Retail$2,150,000
$12,782/yr taxListing Courtesy of ROYAL LEPAGE INTEGRITY REALTY
245 BAY STREET, Ottawa
Retail$3,700/mo
$8,525/yr taxListing Courtesy of COLDWELL BANKER FIRST OTTAWA REALTY
245 BAY STREET, Ottawa
Retail$1,779,000
$17,050/yr taxListing Courtesy of COLDWELL BANKER FIRST OTTAWA REALTY
2 - 870 SOMERSET STREET W, Ottawa
Retail$1,975/mo
$11,540/yr taxListing Courtesy of RE/MAX HALLMARK REALTY GROUP
566 BAY STREET, Ottawa
Residential Commercial Mix$999,000
$17,293/yr taxListing Courtesy of POWER MARKETING REAL ESTATE INC.
431 BANK STREET, Ottawa
Retail$699,000
$9,817/yr taxListing Courtesy of RE/MAX HALLMARK REALTY GROUP
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
72C - 550 HWY 7 EAST, Richmond Hill (Beaver Creek Business Park)
Retail$880,000
$7,079/yr taxListing Courtesy of TRUSTWELL REALTY INC.
10 SIMCOE STREET S, Oshawa (Central)
Retail$879,000
$7,010/yr taxListing Courtesy of RE/MAX HALLMARK FIRST GROUP REALTY LTD.
477 MACDONNELL STREET, Kingston (East of Sir John A. Blvd)
Retail$888,000
$8,771/yr taxListing Courtesy of RE/MAX FINEST REALTY INC., BROKERAGE
45 PEEL STREET, Norfolk (Simcoe)
Retail$889,000
$14,199/yr taxListing Courtesy of HARVEY KALLES REAL ESTATE LTD.
281 METCALFE STREET W, Strathroy-Caradoc (NW)
Retail$889,900
$4,984/yr taxListing Courtesy of KELLER WILLIAMS LIFESTYLES
475D ROGERS ROAD, Toronto (Keelesdale-Eglinton West)
Retail$890,000
$6,228/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
16945 LESLIE STREET, Newmarket (Newmarket Industrial Park)
Retail$869,000
$4,752/yr taxListing Courtesy of COLDWELL BANKER RONAN REALTY
16945 LESLIE STREET, Newmarket (Newmarket Industrial Park)
Retail$869,000
$4,752/yr taxListing Courtesy of COLDWELL BANKER RONAN REALTY
10 BRUNEL ROAD, Huntsville (Chaffey)
Retail$895,000
$7,542/yr taxListing Courtesy of CV Real Estate
900 BERFORD STREET, South Bruce Peninsula
Retail$895,000
$3,856/yr taxListing Courtesy of eXp Realty
13 YONGE STREET S, Springwater (Elmvale)
Retail$898,000
$4,443/yr taxListing Courtesy of RE/MAX HALLMARK PEGGY HILL GROUP REALTY
9 SIMCOE STREET S, Oshawa (Central)
Retail$899,000
$9,038/yr taxListing Courtesy of RE/MAX REALTY SERVICES INC.
1574 HWY 2 ROAD, Clarington (Courtice)
Retail$899,000
$5,965/yr taxListing Courtesy of ANJIA REALTY
122 MAIN STREET S, Guelph/Eramosa (Rockwood)
Retail$899,000
$3,600/yr taxListing Courtesy of REAL BROKER ONTARIO LTD.
546 OUELLETTE AVENUE W, Windsor
Retail$899,000
$14,426/yr taxListing Courtesy of CITYSCAPE REAL ESTATE LTD.
Similar Properties ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
No active comparables found in this area.
A - 151 RIDEAU STREET, Ottawa
Retail$8,900/mo
$60,000/yr taxListing Courtesy of POWER MARKETING REAL ESTATE INC.
151 RIDEAU STREET, Ottawa
Retail$5,000/mo
$60,000/yr taxListing Courtesy of POWER MARKETING REAL ESTATE INC.
245 BAY STREET, Ottawa
Retail$3,700/mo
$8,525/yr taxListing Courtesy of COLDWELL BANKER FIRST OTTAWA REALTY
2 - 870 SOMERSET STREET W, Ottawa
Retail$1,975/mo
$11,540/yr taxListing Courtesy of RE/MAX HALLMARK REALTY GROUP
Sold Comparables
Access to sold property data requires a registered and verified account with TRREB DDF integration.
Coming SoonRented Comparables
Access to rented property data requires a registered and verified account with TRREB DDF integration.
Coming SoonBook a Viewing
638-640 SOMERSET STREET W, Ottawa, Ontario, K1R5K4