Maria Tompson Sales Representative pic sales@bestforagents.com Your Company Name, Brokerage Independently owned and operated. pic 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8 pic Office: 416-548-7854 | Toll Free: 1-866-382-2968 | Fax: 416-981-7184 | Cell: 416-548-7854

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$988,000
Available - For Sale
Listing ID: X12671378
Potential Gross Income (when fully rented): $116,832/year. HIGH-RETURN INVESTMENT | PRIME CENTRETOWN LOCATION | DEVELOPMENT POTENTIAL. With a walk score of 99/100, this Unique opportunity in the heart of Centretown, Central Ottawa - a high-performing commercial-residential investment property offering strong existing income with exceptional future development upside. Zoned TM14 H(20), this flexible zoning permits a wide range of commercial, mixed-use, and multi-residential possibilities with allowable building heights up to 20 metres, making this an attractive acquisition for developers and long-term investors alike.Situated on a 29 x 110 ft lot with 5 rear parking spaces, the property benefits from unbeatable urban walkability surrounded by transit, employment hubs, parks, restaurants, and downtown amenities - a location consistently in demand with tenants and future redevelopment prospects.The property is currently operated as individual residential rentals and has undergone over $100,000 in renovations, optimizing rental performance and tenant appeal. It generates strong cash flow while providing investors flexibility to reposition, redevelop, or hold for long-term appreciation. The asset benefits from continued rental demand driven by Ottawa's population growth and urban intensification, making it ideal for investors seeking both immediate income and future upside.A rare opportunity to secure a high-yield property in one of Ottawa's most desirable urban investment corridors.Contact listing agent for financials, additional photos, and private viewing. *Offers welcome*
Price $988,000
Taxes: $12,984.16
Tax Type: Annual
Occupancy by: Tenant
Address: 474 SOMERSET Street West , Ottawa Centre, K1R 5J8, Ottawa
Postal Code: K1R 5J8
Province/State: Ottawa
Legal Description: PT LT 25, PL 27267 , S/S SOMERSET ST AS
Lot Size: 8.84 x 110 (Feet)
Directions/Cross Streets: From Queensway E: take Catherine Street exit, turn right onto Bank, then left onto Somerset Street
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Category: Office
Building Percentage: T
Total Area: 2,809
Total Area Code:  Square Feet
Office/Appartment Area: 2535
Office/Appartment Area Code: Sq Ft
Retail Area Code: %
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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RE/MAX HALLMARK REALTY GROUP

474 SOMERSET Street West , Ottawa Centre, K1R 5J8, Ottawa

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Maria Tompson
Sales Representative
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: 8.84 x 110.00(Feet)
Approximate Age:
Tax: $12,984.16
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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