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Investment signal

$2,150,000

673-675 SOMERSET STREET W

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Type

Retail

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

LANDMARK mixed-use investment opportunity in the heart of Ottawa's vibrant Chinatown. Situated on a high-visibility corner at Somerset St W and Bronson Ave, this fully tenanted property features 6 units, including 2 ground-floor commercial spaces and 4 residential apartments above. The commercial component is anchored by established tenants Pizza Pizza and TeaLive, both on triple net leases, providing stable, hands-off income. Residential units offer strong upside potential with below-market rents, allowing investors to increase cash flow over time. Zoned TM[112]H(16), this property allows for a wide range of commercial and residential uses, making it ideal for both investors and future redevelopment. Located in a high-foot-traffic area surrounded by restaurants, retail, and transit, demand continues to grow as Chinatown undergoes revitalization. This is a rare opportunity to secure a stable, income-generating asset with long-term growth potential. (id:65958)

Subtype: Retail
Community: 4204 - West Centre Town
Living area: 4,026 square feet
Lot dimensions: 24 x 71.13 FT
On market: Apr 8, 2026
Status changed: Apr 24, 2026
Annual tax: $12,782 (2025)
Zoning: TM[112]H(16)
Photos: 36
MLS#: X12968770
Area: OTTAWA

Features and systems

Heating

Other

Cooling

Fully air conditioned

Negative cash flow ~$2,255/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.29%

Cap rate

3.61%

GRM

16.7

Break-even rent

$13,124

Financing

Down payment$430,000

Loan amount$1,720,000

Mortgage$8,715/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$985

Insurance$80

Maintenance$1,792

CapEx reserve$896

Vacancy loss$538

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $8,715/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.