474 SOMERSET STREET WEST

Ottawa, , K1R5J8, Canada

$1,100,000

HIGH RETURN property - UNIQUE and in the heart of Centretown CENTRAL OTTAWA! LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) - meaning you can build up to 20 meters high! LOT SIZE 29 x 110 feet. 5 parking spaces in the back. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of its size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS!

EXTRAS: Furniture

Last updated on : Tuesday 27th of January 2026 08:10:21 AM

ADDRESS

Street : 474 SOMERSET STREET WEST

City : Ottawa

Country : Canada

Postal Code : K1R5J8

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PROPERTY SUMMARY

Property ID : X12671378

Building Type : Offices

Property Type : Office

Parking : 5

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