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)
| MLS # | X13868736 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 21 |
| Listing Provided By | CAPITAL COMMERCIAL INVESTMENT CORP. | Florian Nagelschmitz |
| SQ Feet | 6,095 |
|---|---|
| Zoning | H1[2185] H(16.5) |
| Cooling | None |
|---|---|
| Heating | Radiator |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 26662 |
|---|---|
| Tax Year | 2025 |
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1R5K3 |
| Listing VS Median (in K1R5K3) | |
Price: $2,600,000 low | high Med: $2,600,000 sqft: 6,095 low | high Med: 6,095 $ / sqft: $427 low | high Med: $427 On site: 21 low | high Med: 21 | |
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1R5K3 |
| Listing VS Median (in K1R5K3) | |
Price: $2,600,000 low | high Med: $2,600,000 sqft: 6,095 low | high Med: 6,095 $ / sqft: $427 low | high Med: $427 On site: 21 low | high Med: 21 | |