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474 SOMERSET ST W Ottawa Centre, ON K1R 5J8
2,809 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,809 sqft
Price per Sqft $355
Subdivision 4103 - Ottawa Centre
MLS Listing ID X12470520
Annual Tax Amount $12,684
Tax Year 2024
Property Sub-Type Investment
Property Description
LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of it's size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87, 165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS!
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 29.0
Lot Depth 110.0
Others
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP
