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 it's 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!
Address
474 Somerset Street W
List Price
$999,900
MLS® Status
New
Expiration Date
2025-12-17
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
Region
Ottawa
Lot Depth
110
Lot Type
Building
Lot Size Units
Feet
Lot Width
29
Parcel Number
041200075
Total Building Area
2809
Occupant Type
Tenant
Cross Street
From Queensway E: take Catherine Street exit, turn right onto Bank, then left onto Somerset Street W. From Queensway W: Take exit at Kent Street. Turn left onto Somerset Street W. building will be on left .
Frontage Length
8.84
MLS® Number
X12470520
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Postal Code
K1R 5J8
Posession Details
Flexible or immediate
Parking Spaces
5
Tax Amount
$12,684.15
Tax Year
2024
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 25, PL 27267 , S/S SOMERSET ST AS IN NS107572 ; OTTAWA/NEPEAN
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