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474 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8

MLS® # X13167240
Commercial For Sale In Centretown, Ottawa, Ontario
$938,000

None Beds

474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Common Dining area - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Common kitchen 1 OF 2 - 474 Somerset Street W, Ottawa, ON
Common laundry - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Common bathroom - 1 of 2 - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Kitchen 2 of 2 - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
A short drive to Little Italy! - 474 Somerset Street W, Ottawa, ON
Tulip Festival is not too far! - 474 Somerset Street W, Ottawa, ON
Few Blocks from Chinatown! - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Common Dining area - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Common kitchen 1 OF 2 - 474 Somerset Street W, Ottawa, ON
Common laundry - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Common bathroom - 1 of 2 - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
Kitchen 2 of 2 - 474 Somerset Street W, Ottawa, ON
474 Somerset Street W, Ottawa, ON
A short drive to Little Italy! - 474 Somerset Street W, Ottawa, ON
Tulip Festival is not too far! - 474 Somerset Street W, Ottawa, ON
Few Blocks from Chinatown! - 474 Somerset Street W, Ottawa, ON
  • Advertising
474 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8
$938,000

Property Information:

HIGH-RETURN INVESTMENT | PRIME CENTRETOWN LOCATION | DEVELOPMENT POTENTIAL | MIXED-USE ZONING. Endless possibilities await with this exceptional income-generating property in the heart of Central Ottawa, ideally positioned between Centretown, Chinatown, and Little Italy. A rare opportunity for investors, developers, and land bankers seeking strong cash flow today with substantial redevelopment potential tomorrow. Zoned TM14 H(20), this highly flexible zoning allows for a wide range of commercial, mixed-use, and multi-residential uses with building heights up to 20 metres, creating tremendous future upside in one of Ottawa's fastest-growing urban corridors.Situated on a 29 x 110 ft lot with 5 rear parking spaces, this property offers unbeatable convenience with a near-perfect Walk Score of 99/100. Steps to transit, employment hubs, restaurants, parks, shopping, and downtown amenities, this location continues to attract strong tenant demand and redevelopment interest.Currently configured with 7 (seven) fully furnished mid- to long-term residential tenants (formerly office use), accompanied by 2 shared kitchens and 2 shared bathrooms. The property has undergone over $100,000 in renovations to enhance tenant appeal and maximize rental performance. Potential gross income when fully rented: $116,832/year. Generate strong existing income while maintaining the flexibility to redevelop, reposition, expand, or hold as a long-term appreciation asset.Ideal for developers, commercial investors, multi-unit buyers, and those seeking a value-add opportunity with future intensification potential. Rarely do properties combine cash flow, premium urban location, zoning flexibility, parking, and development potential in one package. Contact listing agent for financials, additional photos, and private viewing. ALL SERIOUS OFFERS WELCOME. (id:27)

Building Features:

  • Style: Office
  • Building Type: Offices
  • Air Conditioning: Yes
  • Floor Space: 2809 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned
  • Appliances:

Property Features:

  • Property Type: Office
  • Floor Space (approx): 2809 Square Feet
  • Irregular: Yes
  • Lot Depth: 110 Feet
  • Lot Frontage: 29 Feet
  • Lot Size: Bldg=29 x 110 FT ; 0
  • Zoning: TM14 H
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX HALLMARK REALTY GROUP

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Sales/Price History

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Market Price Trends

Single family detached

2.98%

Price change (1 year)

20.96%

Price change (5 years)

All Properties

-1.3%

Price change (1 year)

8.04%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 474 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8

Demographic Information of 474 SOMERSET STREET W, Ottawa, Ontario, K1R 5J8

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$124,651.07

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.51 %

High school certificate or equivalent

18.56 %

Apprenticeship trade certificate/diploma

3.31 %

College/non-university certificate

13.82 %

University certificate (below bachelor)

3.21 %

University Degree

51.59 %

Commuter

Travel To Work

By Car

35.43 %

By Public Transit

19.65 %

By Walking

36.4 %

By Bicycle

2.59 %

By Other Methods

5.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

90.03 %

Houses

9.97 %

Own Vs. Rent

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