640 Somerset ST W new

Ottawa,ON K1R 5K4

$ 750000

- Bed

- Bath

1500 SqFt


Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $500

MLS Listing ID X11925785

Annual Tax Amount $6,500

Tax Year 2024

Property Description

*Attention Investors & Developers!* This rare & unique detached home in the heart of Centertown, Ottawa offers exceptional potential with its TM Zoning, allowing for both residential & commercial use. Features include: Two units with separate entrances for upper & main floor. Converted to a spacious 4-bedroom layout ($50,000 in upgrades in 2022, including new appliances) Versatile property with potential for triplex conversion (zoned as triplex with both residential & commercial/industrial units). Balcony on the second floor & dry basement. Conveniently located near Little Italy, Chinatown, Le Breton flats, & the new LRT. Roof, furnace, & AC updated in 2014. Main level set up as a hair salon. Top floor currently rented out. Don't miss this opportunity to own a property with endless possibilities in a prime Ottawa location. Top floor is rented for $2,450 a month lower level is vacant. 48 hour irrevocable on all offers as per form 244

Location

State ON

County Ottawa

Community 4103 - Ottawa Centre

Area Ottawa

Zoning TM(2185) H (16)

Region 4103 - Ottawa Centre

City Region 4103 - Ottawa Centre

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 26.21

Lot Depth 110.01

Others

Security Features No

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