$4,800,000
691-701 SOMERSET ST W West Centre Town, ON K1R 6P5
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$4,800,000
Est. payment /mo
14,324 SqFt
UPDATED:
11/25/2024 05:16 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 14,324 sqft
Price per Sqft $335
MLS Listing ID X9768534
Annual Tax Amount $64,475
Tax Year 2021
Property Description
691-701 Somerset Street West is one of Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.
Location
Province ON
County Ottawa
Zoning TM [112] H(16)
Rooms
Family Room No
Interior
Cooling Unknown
Exterior
Pool None
Utilities Available Unknown
Roof Type Unknown
Others
Security Features Unknown
Pets Description Unknown
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Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
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