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625 Somerset St W 1,785 SF 100% Leased Retail Building Ottawa, ON K1R 5K3 $800,000 CAD ($448.18 CAD/SF)
Investment Highlights
- Mixed-use freehold property with a restaurant on the ground floor and a residential unit above.
- Existing restaurant-style fit-ups offer turnkey functionality for continued foodservice operations.
- Prominent street frontage along one of downtown Ottawa’s established corridors ensures strong visibility.
- Near-term lease expiries allow options for tenancy renewals, owner-occupancy, or future repositioning.
Executive Summary
625 Somerset presents a mixed-use freehold asset along one of downtown Ottawa's established corridors. The property features a ground-floor restaurant with existing restaurant-style fit-ups, complemented by a second-floor residential unit, alongside strong underlying real estate fundamentals, including prominent street frontage and a central location. Near-term lease expiries provide flexibility to extend existing tenancies or accommodate an owner-occupier, supporting future repositioning or alternate use over time.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,785 SF
Year Built
1931
Price
$800,000 CAD
Price Per SF
$448.18 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
TM[2185] H(16)
Parking
18 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
15’ on Somerset St W
Amenities
- Signage
- Signalized Intersection
- Air Conditioning
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
1 of 3
Videos
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625 Somerset St W
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