$ 2,600,000
-
$2,600,000
Price -
0.09
Acre
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About the Listing 482200 -
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.
Listing Highlights for 609-615 Somerset St W
Interior Details
- Appliances:
- Air Cond: No
- Heating: Water Radiators
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: No Garage
Financial Details
- Tax Amount: $26,662
- Taxes w/Assessments: N/A
- Tax/Property ID: 041210041
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
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Listing Location
Questions About..
609-615 Somerset St W Ottawa Centre, ON K1R 5K3
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