640 Somerset Street W Ottawa, Ontario K1R 5K4

$750,000

*Attention Investors & Developers!* This rare & unique detached home in the heart of Centertown, Ottawa offers exceptional potential with its TM Zoning, allowing for both residential & commercial use. Features include: Two units with separate entrances for upper & main floor. Converted to a spacious 4-bedroom layout ($50,000 in upgrades in 2022, including new appliances) Versatile property with potential for triplex conversion (zoned as triplex with both residential & commercial/industrial units). Balcony on the second floor & dry basement. Conveniently located near Little Italy, Chinatown, Le Breton flats, & the new LRT. Roof, furnace, & AC updated in 2014. Main level set up as a hair salon. Top floor currently rented out. Don't miss this opportunity to own a property with endless possibilities in a prime Ottawa location. Top floor is rented for $2,450 a month lower level is vacant. 48 hour irrevocable on all offers as per form 244 (id:49993)

Business

Business Type	Service
Business Sub Type	Miscellaneous services

Property Details

MLS® Number	X11925785
Property Type	Retail
Community Name	4103 - Ottawa Centre

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Other
Size Exterior	1500 Sqft
Size Interior	1,500 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	110 Ft
Size Frontage	26 Ft ,2 In
Size Irregular	Bldg=26.21 X 110.01 Ft
Size Total Text	Bldg=26.21 X 110.01 Ft
Zoning Description	Tm(2185) H (16)

https://www.realtor.ca/real-estate/27807558/640-somerset-street-w-ottawa-4103-ottawa-centre