Rohit Rangwani
Sales Representative
HomeLife G1 Realty Inc., Brokerage
Independently owned and operated.
Unit# 202, 2260 Bovaird Dr. East, Brampton, Ontario L6R 3J5
Cell: 647-885-7849Office: 905-793-7797Fax: 905-593-2619
$2,600,000
Available - For Sale
Listing ID: X13868736
609-615 Somerset Street West , Ottawa Centre, K1R 5K3, Ottawa
| Well-located mixed-use investment in the heart of one of Ottawa's most established heritage neighbourhoods! Positioned on a prominent corner lot, this property is located within a bustling retail node surrounded by a balanced mix of national brand retailers and strong independent operators, supporting consistent pedestrian activity and stable long-term occupancy. The building includes three ground-floor retail units with strong visibility along Somerset Street, supported by a 24-hour adjusted traffic count of 9,113. The second floor comprises five 1-bedroom apartments, four of which have been recently upgraded with new kitchens and flooring. Recent capital improvements - including a 4-year-old boiler, 12-year-old roof, and 1-year-old windows and sills - provide operational stability and reduce near-term capital requirements. Situated on a 3,735 sq. ft. lot with potential parking accessed from Percy Street, the property benefits from H1[2185] Hub Zone zoning and a 16.5-metre height allowance, offering flexibility for future intensification. Current well-established retail tenants - Sudsey's Laundromat, Vapingstory & Smoke, and La Tiendita Latin Market - provide steady daily traffic and reliable cash flow. The location is a core strength: a heritage neighbourhood within close walking distance to the central business district, major employment centers, rapid transit, and immediate access to Highway 417, ensuring efficient connectivity across the city. Overall, 609-615 Somerset Street West presents a stable, income-producing urban asset with strong fundamentals, reliable tenancy, and clear long-term optionality supported by zoning, visibility, and sustained neighbourhood demand. |
| Price | $2,600,000 |
| Taxes: | $26662.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 609-615 Somerset Street West , Ottawa Centre, K1R 5K3, Ottawa |
| Postal Code: | K1R 5K3 |
| Province/State: | Ottawa |
| Directions/Cross Streets: | Somerset St W and Percy St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 6095.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | No |
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| CAPITAL COMMERCIAL INVESTMENT CORP. |
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Rohit Rangwani
Sales Representative
Dir:
647-885-7849
Bus:
905-793-7797
Fax:
905-593-2619
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4102 - Ottawa Centre |
| Tax: | $26,662 |
| Fireplace: | N |
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