Connie Huibers - Coldwell Banker Momentum Logo
New Listing
$775,000
( $516.67Per Sq Foot )
 $4,160 est/mo Sourced by Back At You

640 Somerset Street W,Ottawa Centre, ON K1R 5K4

Ottawa Centre, ON K1R 5K4

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Description

INVESTORS & DEVELOPERS! Currently generating $7,042/month ($84,504/year) in gross rental income, this rare detached mixed-use property in the heart of Centretown West offers exceptional flexibility and future potential. The upper residential unit is rented for $2,300/month, the main-floor commercial space for $3,842/month through 2027, plus $900/month from the rear space. Zoned TM(2185) H(16), the property offers residential and commercial possibilities and multiple income streams. The main level is currently configured as commercial space, while the self-contained upper unit features a separate entrance and private second-floor balcony. Significant improvements were completed in 2022, including updated appliances and interior upgrades. Additional features include a dry basement and major system updates including roof and furnace. Ideally positioned on Somerset St W in vibrant Chinatown, just minutes from Little Italy, LeBreton Flats, downtown, shops, restaurants, transit and the LRT. Strong income today with exciting long-term potential. (Buyer to verify zoning, permitted uses and redevelopment possibilities. Sold as is)

Details

MLS #X13702186
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site5
Listing Provided ByFIDACITY REALTY | X13702186 489100

Features

SQ Feet1,500
Acreage0.03

Interior

CoolingNo

Exterior

Security FeaturesNo

Utilities

UtilitiesNone

Taxes

Tax Annual Amount8300
Tax TypeAnnual
Tax Year2025

Area Information

ProvinceON
RegionOttawa
CityOttawa Centre
Postal CodeK1R 5K4
Area4103 Ottawa Centre
Listing VS Median (in K1R 5K4)
Price:
$775,000
low | high
Med:
$837,000
42% of Average
sqft:
1,500
low | high
Med:
1,634
41.066666666667% of Average
$ / sqft:
$517
low | high
Med:
$513
50.79185520362% of Average
On site:
5
low | high
Med:
34
14.705882352941% of Average
Sourced by Back At You

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Learn More About This Property

Connie Huibers

Connie Huibers

Momentum Realty

Real Estate Broker (905) 988-7778connie-huibers@coldwellbanker.ca
ProvinceON
RegionOttawa
CityOttawa Centre
Postal CodeK1R 5K4
Area4103 Ottawa Centre
Listing VS Median (in K1R 5K4)
Price:
$775,000
low | high
Med:
$837,000
42% of Average
sqft:
1,500
low | high
Med:
1,634
41.066666666667% of Average
$ / sqft:
$517
low | high
Med:
$513
50.79185520362% of Average
On site:
5
low | high
Med:
34
14.705882352941% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $581K - $968K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
141 Percy Street Property Photo 1
$899,900
141 Percy Street
Ottawa Centre, ON K1R 6C8
Listing Updated: August 21, 2026 at 3:33:28 PM PDT

Connie Huibers - Coldwell Banker Momentum