474 Somerset Street W Ottawa, Ontario K1R 5J8
$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) . LOT SIZE 29 x 110 feet. 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! (id:59524)
Property Details
| MLS® Number | X12671378 |
| Property Type | Office |
| Community Name | 4103 - Ottawa Centre |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 5 |
| RentalEquipmentType | Water Heater |
Building
| Appliances | Furniture |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeExterior | 2809 Sqft |
| SizeInterior | 2809 Sqft |
| Type | Offices |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 110 Ft |
| SizeFrontage | 29 Ft |
| SizeIrregular | Bldg=29 X 110 Ft ; 0 |
| SizeTotalText | Bldg=29 X 110 Ft ; 0 |
| ZoningDescription | Tm14 H |
https://www.realtor.ca/real-estate/29223890/474-somerset-street-w-ottawa-4103-ottawa-centre
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January 09 2026 01:53:23
RE/MAX Hallmark Realty Group