575 Somerset Street W, Ottawa Centre — For Sale in Ottawa Centre
0 bed · 4 bath · Investment for sale in Ottawa Centre.
575 Somerset Street W, Ottawa Centre, ON K1R 5K1
About This Property
Now for sale at 575 Somerset Street W in Ottawa Centre: a 0-bedroom, 4-bathroom investment listed at $995,000.
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.
Property Specifications
| MLS® Number | X13086366 |
|---|---|
| Status | For Sale |
| List Price | $995,000 |
| Property Type | Commercial |
| Sub Type | Investment |
| Transaction Type | For Sale |
| Bedrooms | 0 |
| Bathrooms | 4 |
| Address | 575 Somerset Street W, Ottawa Centre, ON K1R 5K1 |
| City | Ottawa Centre |
| Postal Code | K1R 5K1 |
Listing Contracted With: PARADIGM COMMERCIAL REAL ESTATE & BROKERAGE INC.
