5% CAP RATE! Welcome to this tastefully renovated, multi residential, 8 unit building in the heart of Chinatown, Little Italy and next to Lebreton Flats- home to the future arena. Central location within walking distance to restaurants, cafes, shopping, recreation, public transit, and all downtown Ottawa has to offer, making this a prime investment opportunity. Extensive capital work, including 7 out of the 8 units being fully renovated. In building laundry, 3 parking spaces available.
Address
883 Somerset Street W
List Price
$2,595,000
Property Type
Commercial
Type of Dwelling
Investment
Area
West Centre Town
Sub-Area
4204 - West Centre Town
County
Ottawa
Lot Size Source
MPAC
Lot Depth
99
Lot Type
Building
Lot Size Units
Feet
Lot Width
33
MLS® Number
X12239972
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Postal Code
K1R 6R6
Tax Amount
$14,150.00
Tax Year
2025
Community Features
Major Highway, Public Transit
Heat Type
Baseboard
Cooling Features
No
Garage Type
None