New ListingPrime mixed-use investment opportunity in the heart of Ottawa! Welcome to 640 Somerset Street West, ideally situated along a vibrant and highly desirable commercial corridor offering excellent street exposure and strong foot traffic potential. Surrounded by popular restaurants, cafés, shops, and established businesses, this exceptional location is just minutes from Chinatown, Little Italy, downtown Ottawa, public transit, and numerous amenities. The main floor features a versatile commercial space offering excellent potential for a variety of business uses. The upper-level residential unit offers an opportunity for owner occupancy or additional rental income. An additional accessory unit at the rear, complete with its own full bathroom, provides added flexibility and potential. This property offers an attractive combination of commercial visibility, residential accommodations, and investment versatility in one of Ottawa's most dynamic urban neighbourhoods. Whether you're an investor, business owner, or entrepreneur looking to establish a presence in a thriving location, this is an opportunity not to be missed! Buyer to verify permitted uses and zoning requirements.
| MLS # | X14150460 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Listing Provided By | ROYAL LEPAGE INTEGRITY REALTY | X14150460 493500 |
| Bath(s) | 5 |
|---|---|
| SQ Feet | 1,500 |
| Acreage | 0.03 |
| Cooling | Yes |
|---|
| Community Features | Public Transit |
|---|---|
| Security Features | No |
| Utilities | Yes |
|---|
| Tax Annual Amount | 8432 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2026 |
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5K4 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5K4) | |
Price: $639,900 low | high Med: $769,450 sqft: 1,500 low | high Med: 1,634 $ / sqft: $427 low | high Med: $468 | |
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Ottawa Centre |
| Postal Code | K1R 5K4 |
| Area | 4103 Ottawa Centre |
| Listing VS Median (in K1R 5K4) | |
Price: $639,900 low | high Med: $769,450 sqft: 1,500 low | high Med: 1,634 $ / sqft: $427 low | high Med: $468 | |