$2,600,000
( $426.58Per Sq Foot )
 $13,957 est/mo Sourced by Back At You

609-615 Somerset Street W,Ottawa, ON K1R5K3

Ottawa, ON K1R5K3

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Description

Well-located mixed-use investment in the heart of one of Ottawa's most established heritage neighbourhoods! Positioned on a prominent corner lot, this property is located within a bustling retail node surrounded by a balanced mix of national brand retailers and strong independent operators, supporting consistent pedestrian activity and stable long-term occupancy. The building includes three ground-floor retail units with strong visibility along Somerset Street, supported by a 24-hour adjusted traffic count of 9,113. The second floor comprises five 1-bedroom apartments, four of which have been recently upgraded with new kitchens and flooring. Recent capital improvements - including a 4-year-old boiler, 12-year-old roof, and 1-year-old windows and sills - provide operational stability and reduce near-term capital requirements. Situated on a 3,735 sq. ft. lot with potential parking accessed from Percy Street, the property benefits from H1[2185] Hub Zone zoning and a 16.5-metre height allowance, offering flexibility for future intensification. Current well-established retail tenants - Sudsey's Laundromat, Vapingstory & Smoke, and La Tiendita Latin Market - provide steady daily traffic and reliable cash flow. The location is a core strength: a heritage neighbourhood within close walking distance to the central business district, major employment centers, rapid transit, and immediate access to Highway 417, ensuring efficient connectivity across the city. Overall, 609-615 Somerset Street West presents a stable, income-producing urban asset with strong fundamentals, reliable tenancy, and clear long-term optionality supported by zoning, visibility, and sustained neighbourhood demand. (id:13843)

Details

MLS #X13868736
Listing TypeFor Sale
StatusActive
Days On Site21
Listing Provided ByCAPITAL COMMERCIAL INVESTMENT CORP. | Florian Nagelschmitz

Features

SQ Feet6,095
ZoningH1[2185] H(16.5)

Interior

CoolingNone
HeatingRadiator
Fireplace Yes / NoNo

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount26662
Tax Year2025

Area Information

ProvinceON
CityOttawa
Postal CodeK1R5K3
Listing VS Median (in K1R5K3)
Price:
$2,600,000
low | high
Med:
$2,600,000
50% of Average
sqft:
6,095
low | high
Med:
6,095
50% of Average
$ / sqft:
$427
low | high
Med:
$427
50% of Average
On site:
21
low | high
Med:
21
100% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceON
CityOttawa
Postal CodeK1R5K3
Listing VS Median (in K1R5K3)
Price:
$2,600,000
low | high
Med:
$2,600,000
50% of Average
sqft:
6,095
low | high
Med:
6,095
50% of Average
$ / sqft:
$427
low | high
Med:
$427
50% of Average
On site:
21
low | high
Med:
21
100% of Average
Sourced by Back At You
Listing Updated: October 6, 2026 at 2:12:22 PM PDT