Royal LePage Maximum Realty Brokerage

Greater Toronto Real Estate Listings

Brokerage Services For MLS Property listings in Greater Toronto

Brokerage Services For MLS Property listings in Greater Toronto

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

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575 Somerset Street W, Ottawa Centre, ON K1R 5K1

Property For Sale | X13086366Sale

Listing ID: X13086366
$995,000
4 Bathrooms
Listing ID #X13086366
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.

Basic Details
Listing ID : X13086366
Listing Type : Sale
Price : $995,000
Bathrooms : 4
Status : Active
Property Sub Type : Investment
Map
Address Map
575
Somerset
US
ON
Ottawa
Ottawa Centre
K1R 5K1
Street
From Bank St, head west on Somerset St W. Property on north side between Lyon St N and Bay St.
W
H1 H(16.5)
Property Area
4102 - Ottawa Centre
Features
: Partial
: Yes
Additional Information
Apts - 2 To 5 Units
: Public Transit, Recreation/Community Centre
Financial
7562.0
Listing Information
New
2026-05-07T14:30:40Z
TRREB

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