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843-839 SOMERSET STREET W
Ottawa Ontario K1R6R6 Canada

$2,100,000

Active Listing ID X12720182
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5,447 square feet
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Retail

$2,100,000

Active Listing ID X12720182
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843-839 SOMERSET STREET W Incredible Investment Opportunity in the Heart of Chinatown! Located on bustling Somerset Street West, this traditional Main Street-zoned property offers excellent passive income potential with a projected annual income of $120, 000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses.The adjacent unit has recently been rented on a 5 year lease with a 5% yearly escalation starting at $6, 400/month + HST. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63, 000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property Highlights: High visibility with large street-facing windows, 6 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don't miss your chance to own a versatile, income-generating property in one of the city's most dynamic neighbourhoods. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Retail
  • Features
  • Cooling System: Fully air conditioned
  • Heating Systems: Forced air, Natural gas
  • Additional Features
  • Basement
Listing Changed: 3/24/2026 6:30:42 PM GMT
Source Updated Date: 3/31/2026 6:09:59 PM GMT

Courtesy of: Ilham Chabi, Broker, RE/MAX HALLMARK REALTY GROUP