621 Somerset St W 2,070 SF 100% Leased Retail Building Ottawa, ON K1R 5K3 $879,270 CAD ($424.77 CAD/SF)

621 Somerset Street offers an established urban retail asset situated in the heart of Ottawa Centre’s Somerset corridor, one of the city’s most recognized commercial and cultural districts. Positioned on a high-traffic roadway, this freehold property provides unrivaled street visibility and walkable accessibility to a diverse consumer base. At approximately 3,786 square feet, the property benefits from tenant-improved interiors and existing retail fit-outs that support continued income generation while allowing flexibility for ownership strategies.
With near-term lease expiries, the purchaser gains opportunities to extend current tenancies or reposition the asset for higher and better use, whether retail-driven or mixed commercial. The zoning (TM [2185]H(16)) permits a wide range of commercial and residential applications, broadening the scope for adaptive reuse and future redevelopment potential. Located in proximity to Ottawa’s central civic institutions, multifamily density, and mass transit connections, this asset meets the needs of seasoned investors and owner-users seeking long-term stability within a mature market corridor.