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Last Updated : 504 Days ago
495 Somerset St W, Ottawa Centre, Ontario, 4102 - Ottawa Centre

495 Somerset St W, Ottawa Centre MLS Number: X11915584

4102 - Ottawa Centre, Ottawa Centre, Ottawa, ON, K1R 5J7

$850,000

Status: OFF MARKET

  • Property Type: Commercial (Commercial)
  • Property Taxes : $20500.00 (Tax Year:2024)
  • Listing Courtesy : Royal Lepage Performance Realty

495 Somerset St W Property Description

Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio.

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495 Somerset St W Property Facts

Property Type :Commercial
MLS Number :X11915584
Listing Type :Sale
Possession Date :
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Last Updated :01 Feb, 2025 (504 Days ago)
Source :TRREB
Area :Ottawa
Postal Code : K1R 5J7
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495 Somerset St W Property Price & Tax Insights

Price : $850,000
Property Taxes :$20500.00
Tax Year :2024

495 Somerset St W, Ottawa Centre Property Details

Cross Street :Somerset/Lyon

495 Somerset St W, Ottawa Centre - Price History

2025-01

09 Jan, 2025

TREB #X11915584

Available

$850000.0

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495 Somerset St W - Location Map and Landmarks

  • University of Ottawa Heart Institute, Ottawa 2.71 km
  • The Ottawa - Civic, Ottawa 2.85 km
  • The Ottawa - Riverside, Ottawa 3.13 km
  • National Defence Medical Centre, Ottawa 3.6 km
  • Royal Ottawa Mental Health Centre, Ottawa 3.61 km
  • Children's of Eastern Ontario (CHEO), Ottawa 4.1 km
  • The Ottawa - General, Ottawa 4.15 km
  • Montfort, Ottawa 6.0 km
  • Queensway Carleton, Ottawa 12.14 km
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