640 Somerset Street West, Ottawa, Ontario, K1R5K4




$639,900
Ottawa
This retail property in Ottawa is for sale offering roughly 1,500 sq ft of space. It has been on the market 1 day, fresher than the Ottawa average of 62 days.
Prime mixed-use investment opportunity in the heart of Ottawa! Welcome to 640 Somerset Street West, ideally situated along a vibrant and highly desirable commercial corridor offering excellent street exposure and strong foot traffic potential. Surrounded by popular restaurants, cafés, shops, and established businesses, this exceptional location is just minutes from Chinatown, Little Italy, downtown Ottawa, public transit, and numerous amenities. The main floor features a versatile commercial space offering excellent potential for a variety of business uses. The upper-level residential unit offers an opportunity for owner occupancy or additional rental income. An additional accessory unit at the rear, complete with its own full bathroom, provides added flexibility and potential. This property offers an attractive combination of commercial visibility, residential accommodations, and investment versatility in one of Ottawa's most dynamic urban neighbourhoods. Whether you're an investor, business owner, or entrepreneur looking to establish a presence in a thriving location, this is an opportunity not to be missed! Buyer to verify permitted uses and zoning requirements. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 1 day on market, against an average age of 62 days across the listings currently for sale in this city
This retail in Ottawa has been listed for 1 day, which is 61 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $639,900, about 8.6× the local median household income of $74,000.
Carrying it typically needs a household income of about $124,995 (20% down, 25-yr amortization, stress-tested) — roughly 69% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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