HomeListings673-675 Somerset Street
ActiveMLS® X12968770

673-675 Somerset Street

West Centre Town, ON K1R 6P3 · Ottawa

$2,150,000

$534/sqft
4,025.7Sq Ft
1 / 15

About This Property

LANDMARK mixed-use investment opportunity in the heart of Ottawa's vibrant Chinatown. Situated on a high-visibility corner at Somerset St W and Bronson Ave, this fully tenanted property features 6 units, including 2 ground-floor commercial spaces and 4 residential apartments above. The commercial component is anchored by established tenants Pizza Pizza and TeaLive, both on triple net leases, providing stable, hands-off income. Residential units offer strong upside potential with below-market rents, allowing investors to increase cash flow over time. Zoned TM[112]H(16), this property allows for a wide range of commercial and residential uses, making it ideal for both investors and future redevelopment. Located in a high-foot-traffic area surrounded by restaurants, retail, and transit, demand continues to grow as Chinatown undergoes revitalization. This is a rare opportunity to secure a stable, income-generating asset with long-term growth potential.
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Property Details

Price History

Market Overview

Recently Sold Nearby

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The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Last updated: 2026-04-25.

Property TypeOther
Sqft4,025.7
Cross StreetBronson Ave & Somserset
TransactionFor Sale
OccupancyTenant
PossessionTBD - Flexible

Financial Details

List Price$2,150,000
Price/Sq Ft$534
Taxes$12,782/year (2025)

Parking

Garage TypePublic

Building & Utilities

Roof
HeatingOther
CoolingYes
Sewer
Water
UtilitiesAvailable

Lot Details

Lot Depth71.13 ft
Lot Width24 ft
Lot TypeLot

Commercial Details

Business TypeOther

Farm Details

Farm Type

Location

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Cross Street: Bronson Ave & Somserset

Directions: Corner of Bronson Avenue and Somerset Street, 2nd store from Bronson on the north side of Somerset St

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$430,000 (20%)
5%50%

Estimated Monthly Payment

$10,045/mo

Mortgage Amount$1,720,000
Total Interest$1,293,500
Total Cost$3,443,500

Listing Information

MLS®X12968770
BrokerageROYAL LEPAGE INTEGRITY REALTY
Listed2026-04-08
Updated2026-04-08
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