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Est. payment /mo
Active
575 Somerset ST W Ottawa Centre, ON K1R 5K1
4 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 4102 - Ottawa Centre
MLS Listing ID X13086366
Annual Tax Amount $7,562
Tax Year 2026
Property Sub-Type Investment
Property Description
Rare dual-opportunity in the heart of Centretown. Buy cash flow today, build tomorrow. Three tenanted units generating verified income with a vacant basement offering additional income potential. Included is a complete, permit-ready 10-unit redevelopment package - full architectural, servicing, grading, electrical and tree reports. Building and demolition permits submitted to the City of Ottawa; first-round review complete with standard infill comments issued. Buyers can revise or proceed to resubmission under their own name. Set up for MLI Select financing: up to 95% LTV and 50-year amortization. Accessible lift included in plans with potential to add 2 additional storeys. 33' x 112' lot. 4 parking spaces. Walking distance to Bank St, Elgin, and Little Italy. Close to grocery, retail, dining, transit and LRT. Unit mix: 2 x 2-bedroom, 1 x 1-bedroom (tenanted) + basement unit (vacant). Permit-ready package, architectural drawings, and financials available. Contact listing agent for data room access.
Location
Province ON
County Ottawa
Area Ottawa
Zoning H1 H(16.5)
Interior
Cooling Partial
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 112.5
Others
ParcelsYN No
Listed by PARADIGM COMMERCIAL REAL ESTATE & BROKERAGE INC.
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