495 Somerset Street West, Ottawa Centre | Image 1

495 Somerset Street West

Ottawa Centre, 4102 - Ottawa Centre

  • Commercial

$850,000
For Sale

Added 6 days ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: TM

  • Age: No Data

  • Taxes: 20500

  • MLS®#: X11915584

  • Added: Jan 09, 2025 (6 days ago)

  • Updated:

  • Last Checked: 11 hours ago

  • Listed By: ROYAL LEPAGE PERFORMANCE REALTY

Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Ottawa Centre

  • Community: 4102 - Ottawa Centre

  • Availability Date: TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Other

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Lane

Fees

  • Tax Year: 2024

  • Taxes: $20,500

  • Expenses: Act

  • Taxes Type: Annual

Land

  • Cross Street: Somerset/Lyon

  • Municipality District: Ottawa Centre

  • Parcel Number: 041200026

  • Lot Depth: 65.2 Feet

  • Lot Frontage: 32.4 Feet

  • Zoning: TM

Commercial Specific

  • Retail Area: 2000

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 2000

  • Total Area Metric: Sq Ft

  • Lot Code: Building

Map of 495 Somerset Street West, Ottawa Centre
JK-6

Cambridge Street Community Public School

Elementary: Public
0.74 km
JK-6

St Anthony Elementary School

Elementary: Catholic
1.03 km
JK-8

Centennial Public School

Elementary: Public
0.35 km
JK-6

Corpus Christi Catholic Elementary School

Elementary: Catholic
1.56 km
JK-6

Elgin Street Public School

Elementary: Public
0.91 km
7-8

Glashan Public School

Elementary: Public
0.73 km
9-12

Urban Aboriginal Alternate High School

Secondary: Public
0.56 km
9-12

Richard Pfaff Secondary Alternate Site

Secondary: Public
0.46 km
9-12

Immaculata High School

Secondary: Catholic
1.62 km
Pre-Grade 9-12

Lisgar Collegiate Institute

Secondary: Public
1.23 km
9-12

Adult High School

Secondary: Public
1.30 km
Pre-Grade 9-12

Glebe Collegiate Institute

Secondary: Public
1.36 km
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