23
$999,900 Sale
Listed 15 hours ago
474 SOMERSET Street W
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Key Facts
Key facts for 474 SOMERSET Street W
Property Type
Commercial
Parking
None
MLS #
X12470520
Size
-
Basement
-
Listed on
2025-10-18
Lot size
29 x 110.0
Tax
$12,684.15 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
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 arou...nd 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!
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Courtesy of: RE/MAX HALLMARK REALTY GROUP