640 Somerset Street W, Ottawa, photo 1 1 / 3

$639,900

640 Somerset Street W

Ottawa Centre, Ottawa, ON K1R5K4 · MLS® X14150460

  • 5Bathrooms
  • 1,500 square feetLiving area

About this property

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! (id:65933)

Type
Retail
Category
Retail
Annual taxes
$8,432
Updated
Nov 6, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Royal Lepage Integrity Realty.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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