1,500 ft2
Other
$850,000
Currently bringing in $7,000/month in rental income, this rare and versatile detached property in the heart of Centretown is a standout opportunity for investors and developers. Zoned TM, it allows for both residential and commercial use, offering endless potential. The home is split into two self-contained units with separate entrances, and was reconfigured in 2022 into a spacious four-bedroom layout with over $50,000 in upgrades, including new appliances. Its zoned as a triplex and permits both residential and commercial/industrial uses, making it ideal for future conversion or redevelopment. The main level is currently set up as a hair salon, while the upper unit is tenanted. Bonus features include a second-floor balcony, dry basement, and major system updates in 2014 (roof, furnace) Located just steps from Little Italy, Chinatown, LeBreton Flats, and the new LRT, this is a prime piece of Ottawa real estate! (id:53622)
Property Details
MLS® Number
|
X12268633 |
Property Type
|
Retail |
Neigbourhood
|
Golden Triangle |
Community Name
|
4103 - Ottawa Centre |
Building
Appliances
|
Dishwasher, Dryer, Washer |
Heating Fuel
|
Natural Gas |
Heating Type
|
Other |
Size Exterior
|
1500 Sqft |
Size Interior
|
1,500 Ft2 |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Size Depth
|
110 Ft |
Size Frontage
|
25 Ft ,10 In |
Size Irregular
|
Bldg=25.85 X 110.01 Ft |
Size Total Text
|
Bldg=25.85 X 110.01 Ft |
Zoning Description
|
Tm[2185]h(16) |
https://www.realtor.ca/real-estate/28570684/640-somerset-street-w-ottawa-4103-ottawa-centre