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

MLS® # X12671378

Commercial For Sale In Centretown, Ottawa, Ontario

$1,100,000

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

$1,100,000

Property Information:

HIGH RETURN property - UNIQUE and in the heart of Centretown CENTRAL OTTAWA! LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) - meaning you can build up to 20 meters high! LOT SIZE 29 x 110 feet. 5 parking spaces in the back. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of its size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS! (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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