638-640 Somerset Street W, Ottawa, Ontario K1R 5K4 (29556818)
638-640 Somerset Street W Ottawa, Ontario K1R 5K4
$880,000
Prime mixed-use opportunity in the heart of Centretown. This detached 2-storey property offers flexible TM zoning allowing for residential, commercial, or mixed-use, making it ideal for investors, business owners, or live/work scenarios. Currently configured as two self-contained units and a bonus accessory unit with a separate vestibule entrance, with the option to convert to a 4-bedroom residential layout.Positioned on a 110 ft deep lot with ample on-site parking, this well-maintained building is clean, functional, and full of upside. The main level was previously operated as a restaurant and is set up to meet fire and safety requirements (buyer to verify), while the upper unit features a private balcony. The property also includes a dry basement, adding usable storage or future potential.Recent updates include over $80,000 in upgrades and major components such as roof, furnace, and A/C (approx. 2013-2014). According to MPAC, the property is recognized as a triplex with residential and commercial/industrial use, providing strong long-term flexibility and redevelopment potential.Unbeatable location just steps to Little Italy, Chinatown, LeBreton Flats, and within walking distance to the LRT, offering excellent access to transit, amenities, and future growth.Investor bonus: opportunity to acquire the neighbouring property for a potential land assembly.A rare, versatile asset in a high-demand urban corridor. Great for an investment now, maybe a owner-operated unit in the future! (id:61072)
Business
| Business Type | Service |
| Business Sub Type | Miscellaneous services |
Property Details
| MLS® Number | X12956190 |
| Property Type | Retail |
| Community Name | 4103 - Ottawa Centre |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 1500 Sqft |
| Size Interior | 1,500 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 110 Ft |
| Size Frontage | 26 Ft ,2 In |
| Size Irregular | Bldg=26.21 X 110.01 Ft |
| Size Total Text | Bldg=26.21 X 110.01 Ft |
| Zoning Description | Tm(2185) H (16) |
https://www.realtor.ca/real-estate/29556818/638-640-somerset-street-w-ottawa-4103-ottawa-centre
Contact Us
Contact us for more information
Moe Mcilwain
Salesperson
www.investproperty.ca/
700 Eagleson Road, Suite 105
Ottawa, Ontario K2M 2G9
(613) 663-2720
(613) 592-9701
www.hallmarkottawa.com/
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April 03 2026 09:04:07
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
