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Home ON Ottawa - Gatineau Ottawa West Centertown
691-701 SOMERSET STREET W
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691-701 SOMERSET STREET W $4,800,000
$4,800,000
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691-701 SOMERSET STREET W
Ottawa, Ontario K1R6P5

MLS® Number: 1416878

Listing Description

691-701 Somerset Street West is one of Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property. (29010361)

Property Summary

Property Type
Retail
Neighbourhood Name
Chinatown
Title
Freehold
Land Size
100 ft X 85 ft (Irregular Lot)
Built in
1986
Annual Property Taxes
$64,475
Total Parking Spaces
16
Time on REALTOR.ca
18 days

Building

Utilities
Utility-Hydro
Three Phase
Parking
Total Parking Spaces
16

Measurements

Square Footage
14324 sqft

Land

Lot Features
Frontage
100 ft
Land Depth
85 ft
Other Property Information
Zoning Description
TM [112] H(16)
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
James Pero