827 SOMERSET Street W
827 SOMERSET Street W
$1,490,000
$426/sq ft · 62 days on market
About This Listing
Presenting a rare opportunity in the heart of Chinartown. This prime mixed-use property features a ground-floor commercial space built out as a restaurant and a second-floor residential unit with four bedrooms and 2 full washrooms. This building offers exceptional flexibility for discerning investors. The building enjoys high visibility and significant exposure to both pedestrian and vehicular traffic, positioning it prominently within one of Ottawa's most dynamic and sought-after neighbourhoods.Tenants and patrons alike benefit from an enviable location just steps from Dow's Lake, Lebreton flats and surrounded by an eclectic array of boutiques, restaurants, and cafés. The area is exceptionally well-connected, providing effortless access to public transit and major thoroughfares. Adding to the property's appeal are four-plus on-site parking spots-a rare and valuable amenity. Currently fully tenanted with reliable, high-quality tenants, the building offers immediate, stable cash flow. This is a turnkey investment that seamlessly blends commercial potential with residential convenience in a truly vibrant setting.
| Monthly Mortgage (P&I) | $6,492 |
| Property Tax (MLS) | $1,475 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $7,967 |
Down payment: $298,000 (20.0%) · Mortgage: $1,192,000
Property tax uses MLS annual tax of $17,698/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by COLDWELL BANKER FIRST OTTAWA REALTY
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Data last updated: August 23, 2026 at 10:25 a.m.