191 Somerset St E
Ottawa, ON K1N 6V1
Property For Lease

Description: • Restaurant opportunity in Sandy Hill, surrounded by the University of Ottawa (See University of Ottawa map attached) at the corner of King Edward Avenue and Somerset Street East • Ideal for all types of restaurants • Large basement with walk-in cooler and lots of storage • Large interlock stone patio (City property) • Across from campus pharmacy, campus clinic and U of O Brooks residence • Public transportation ready available • Bus routes are available on King Edward Avenue and Somerset Street East • ½ kilometer to the Rideau canal walking and bike path • ½ kilometer to the Corktown footbridge which crosses the Rideau canal • 350 meters to the O-train station • The location offers excellent visibility Restaurant Space Available: • 1,678.5 square feet ground floor space plus basement • Licensed 83 seats indoors and 40 seats outdoor patio Rental Rate: • Base rent: $40.00 per square foot (PSF) • Additional rent: $7.00 PSF (approx.) includes property tax, building insurance & CAM, excluding utilities • Furniture, fixtures and equipment are negotiable for purchase. Operating Costs: • Hydro, Water & Gas: Separately metered • Realty Taxes: Approximately $6,438 per year • Building Insurance: Approximately $4,642 per year • Common area maintenance (CAM) Signage, Parking & Access: • Excellent storefront signage on King Edward Avenue & Somerset Street East (Additional signage may be available) • 4 parking spaces (Paved, private tandem laneway) • Free on street parking after 6:00 p.m. on weekdays and all day on Saturdays, Sundays and holidays • Excellent access and egress Further details about the premise, building, property and neighborhood. PREMISES Accessibility: There’s a door to the kitchen from the laneway, a door to the basement from the laneway, a door to the 1st floor, higher split level, a door to the patio and an entrance door. Fire Systems: There is a fire hydrant nearby. The fire station is less than 1 kilometer. Unmonitored Edwards 2280 fire panel with pull stations, smoke detectors and fire bells. Fire extinguishers in common areas and commercial premises; suppression system in commercial premises Layout: 1st floor (split level) • Lower split level: Bar, table seating, change room (formerly a washroom), handicap washroom and kitchen • Higher split level: Table seating, server station, men’s and women’s washroom Basement (for use by the commercial tenant only) – Washroom, walk-in cooler, prep station, dry goods storage, beer door and office. All the main disconnect switches for the building, some meters and residential water heaters are located in the basement. Square Footage: 1st floor: 1,678.5 square feet Basement: According to the appraiser, the basement square footage is 950.4 square feet, but I believe it may be larger. According to MPAC the basement square footage is 2,147 square feet, but that may include the crawl space. The crawl space is under the 1st floor lower split level. The total square footage of the retail space is 29% of the total square footage of the building excluding the basement. Tenant: The current operating name of the business is The House / La Maison resto-bar. The existing tenant has operated the premises for 20 years. She has decided to retire at the end of the lease term. The lease term ends February 28, 2021. Utilities: Electrical: Major upgrades completed in the 80’s and 90’s Circuit breakers, copper wiring and 200 amp service, the electrical services are grounded HVAC: Natural gas rooftop HVAC system (Responsibility of commercial tenant) Plumbing: Copper piping and copper, plastic, cast iron and galvanized steel drains; updated in the 1980’s and 1990’s Water Heater: 1 natural gas (50 U.S. gallons) tank Water & Sewage: Municipal BUILDING Description: 3-storey, red brick building with 7 residential units and 1 commercial unit, located at the corner of King Edward Avenue and Somerset Street East, in Sandy Hill, Ottawa and surrounded by the University of Ottawa. Non-smoking building. Foundation: Stone Roof: Level 1: torched on membrane 2018 Level 2: torched on membrane 2000 Level 3: torched on membrane 2008 Square Footage: Total square footage of the building is 5,806.75 approx. Wall Construction: Wood frame PROPERTY Dimensions: Frontage: 55.0 feet on King Edward Avenue Depth: 62.35 feet on Somerset Street East Land Area: ±3,485 square feet Legal Description: Plan 25223 Pt Lot 19 King Edward E RP 5R-6312 Parts 1 to 3 Lot Size: 0.08 acres (Regular) Roll #: 0614 031 501 27400 0000 Zoning: I2E [1376] S232 - a Major Institutional zone - University of Ottawa King Edward Precinct sub-zone, with a Mature Neighborhoods Overlay NEIGHBOURHOOD The property is located in Sandy Hill, Ottawa, Ontario and surrounded by University of Ottawa properties. The general boundaries for Sandy Hill are Rideau Street (northern), the Rideau River to the east, the Queensway to the south and the Rideau Canal to the west. Sandy Hill is located less than 2 kilometers east of the downtown core of Ottawa and is one of the oldest residential settlements in Ottawa. The neighborhood contains a variety of housing styles with significant percentage designated as being of heritage interest. Property types in the interior of the neighborhood are generally comprised of a mix of single family homes, multi-family rental buildings (both converted and purpose built) and mid to high rise apartment buildings which encompass both condominium and rental apartment buildings. The neighborhood also contains a number of embassies and high quality housing, particularly in the eastern areas proximate to the Rideau River. Improvements in Sandy Hill vary in age from new in-fill developments to over one hundred years old and are typically well maintained and renovated. Sandy Hill sustains strong demand due to its central location, proximity to the University of Ottawa, downtown, By Ward Market, etc. The neighborhood also has good access to a wide array of amenities and services. Commercial uses in the neighborhood are concentrated along Rideau Street and include hotels, motels, a wide variety of restaurants, shops and services with higher density land uses located proximate to and west of King Edward Avenue. Sandy Hill also contains a high concentration of rental apartment dwellings due to the presence of the University of Ottawa, which provides a correspondingly higher than average demand for accommodations. The property fronts on a main arterial road and King Edward Avenue is the main north south artery and provides access to the Queensway to the south, Lowertown to the north as well the MacDonald Cartier Bridge to Quebec. Regular bus routes are available. The neighborhood is also located near the OC Transpo Rapid Transit System which runs parallel to the University of Ottawa and access to public transportation is considered above average. 2.5% commission to cooperating brokerage. Disclaimer: The owner is a real estate broker