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RLP Maximum
7694 Islington Ave, 2nd Floor Suite 220
Vaughan, ON L4L 1W3
Tel: (905) 856-7514

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638-640 Somerset Street W, Ottawa Centre, ON K1R 5K4

Property For Sale | X12956190Sale

Listing ID: X12956190
$799,000
Listing ID #X12956190
Property Description

NEW PRICE today – great opportunity to live in or cash flow. Prime mixed-use opportunity in the heart of Centretown. This detached 2-storey property offers flexible TM zoning allowing for residential, commercial, or mixed-use, making it ideal for investors, business owners, or live/work scenarios. Currently configured as two self-contained units and a bonus accessory unit with a separate vestibule entrance, with the option to convert to a 4-bedroom residential layout.Positioned on a 110 ft deep lot with ample on-site parking, this well-maintained building is clean, functional, and full of upside. The main level was previously operated as a restaurant and is set up to meet fire and safety requirements (buyer to verify), while the upper unit features a private balcony. The property also includes a dry basement, adding usable storage or future potential.Recent updates include over $80, 000 in upgrades and major components such as roof, furnace, and A/C (approx. 2013-2014). According to MPAC, the property is recognized as a triplex with residential and commercial/industrial use, providing strong long-term flexibility and redevelopment potential.Unbeatable location just steps to Little Italy, Chinatown, LeBreton Flats, and within walking distance to the LRT, offering excellent access to transit, amenities, and future growth.Investor bonus: opportunity to acquire the neighbouring property for a potential land assembly.A rare, versatile asset in a high-demand urban corridor. Great for an investment now, maybe a owner-operated unit in the future!

Basic Details
Listing ID : X12956190
Listing Type : Sale
Price : $799,000
Status : Active
Property Sub Type : Commercial Retail
Map
Address Map
638-640
Somerset
US
ON
Ottawa
Ottawa Centre
K1R 5K4
Street
Bank St to Somsert St W between Percy and Bronson Ave
W
TM(2185) H (16)
Property Area
4103 - Ottawa Centre
Features
: Yes
: Yes
Additional Information
2200
Service Related
880000
Financial
5935.56
Listing Information
Price Change
2026-06-19T00:43:41Z
TRREB

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