About 673-675 Somerset Street W
LANDMARK mixed-use investment opportunity in the heart of Ottawa's vibrant Chinatown. Situated on a high-visibility corner at Somerset St W and Bronson Ave, this fully tenanted property features 6 units, including 2 ground-floor commercial spaces and 4 residential apartments above. The commercial component is anchored by established tenants Pizza Pizza and TeaLive, both on triple net leases, providing stable, hands-off income. Residential units offer strong upside potential with below-market rents, allowing investors to increase cash flow over time. Zoned TM[112]H(16), this property allows for a wide range of commercial and residential uses, making it ideal for both investors and future redevelopment. Located in a high-foot-traffic area surrounded by restaurants, retail, and transit, demand continues to grow as Chinatown undergoes revitalization. This is a rare opportunity to secure a stable, income-generating asset with long-term growth potential.
Features of 673-675 Somerset Street W
| MLS® # | X12968770 |
|---|---|
| Price | $2,150,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Commercial Retail |
| Status | Active |
Community Information
| Address | 673-675 Somerset Street W |
|---|---|
| Area | Ottawa |
| Subdivision | 4204 - West Centre Town |
| City | West Centre Town |
| Province | ON |
| Postal Code | K1R 6P3 |
Amenities
| Garages | Public |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Yes |
| Fireplace | No |
Listing Details
| Office | ROYAL LEPAGE INTEGRITY REALTY |
|---|