640 SOMERSET STREET W, Ottawa, Ontario, CA

Address: 640 SOMERSET STREET W, Ottawa, Ontario

0 Beds0 Baths1500 sqftStatus: Buy
Price $850,000

Property Overview


Currently bringing in $5,800 month in rental income, this rare and versatile detached property in the heart of Centretown is a standout opportunity for investors and developers. Zoned TM, it allows for both residential and commercial use, offering endless potential. The home is split into two self-contained units with separate entrances, and was reconfigured in 2022 into a spacious four-bedroom layout with over $50,000 in upgrades, including new appliances. Its zoned as a triplex and permits both residential and commercial/industrial uses, making it ideal for future conversion or redevelopment. The main level is currently set up as a hair salon, while the upper unit is tenanted. Bonus features include a second-floor balcony, dry basement, and major system updates in 2014 (roof, furnace) Located just steps from Little Italy, Chinatown, LeBreton Flats, and the new LRT, this is a prime piece of Ottawa real estate (id:51532)

 

Tags




Property Summary
Property Type
Retail
Square Footage
1500 sqft
Community Name
4103 - Ottawa Centre
Land Size
Bldg=25.85 x 110.01 FT
Building
Interior Features
Appliances Included
Dishwasher, Dryer, Washer
Building Features
Square Footage
1500 sqft
Rental Equipment
Water Heater
Heating & Cooling
Heating Type
Other
Utilities
Water
Municipal water
Land
Other Property Information
Zoning Description
TM[2185]H(16)
Features
           Dishwasher            Dryer            Washer
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Your Home Finance Calculation

Property Price CA $850,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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