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Last Updated : 1 Day ago
691-701 SOMERSET St W, West Centre Town, Ontario, 4204 - West Centre Town
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691-701 SOMERSET St W, West Centre Town MLS Number: X9768534

4204 - West Centre Town, West Centre Town, Ottawa, ON, K1R 6P5

$4,800,000

Status: For Sale

  • Property Type: Commercial (Commercial)
  • Property Taxes : $64475.00 (Tax Year:2024)
  • Listing Courtesy : Avison Young Commercial Real Estate Services

691-701 SOMERSET St W Property Description

691-701 Somerset Street West is one of Chinatown's most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.

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691-701 SOMERSET St W Property Facts

Property Type :Commercial
MLS Number :X9768534
Listing Type :Sale
Possession Date :
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Last Updated :19 Dec, 2024 (1 Day ago)
Source :TRREB
Area :Ottawa
Postal Code : K1R 6P5
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691-701 SOMERSET St W Property Price & Tax Insights

Price : $4,800,000
Property Taxes :$64475.00
Tax Year :2024

691-701 SOMERSET St W, West Centre Town Property Details

Cross Street :North on Bronson Avenue Exit from Highway 417. West on Somerset, property is on the right.

691-701 SOMERSET St W, West Centre Town - Price History

2024-10

30 Oct, 2024

TREB #X9768534

Available

$4800000.0

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691-701 SOMERSET St W - Location Map and Landmarks

  • University of Ottawa Heart Institute, Ottawa 2.18 km
  • The Ottawa - Civic, Ottawa 2.32 km
  • Royal Ottawa Mental Health Centre, Ottawa 3.06 km
  • The Ottawa - Riverside, Ottawa 3.38 km
  • National Defence Medical Centre, Ottawa 3.98 km
  • Children's of Eastern Ontario (CHEO), Ottawa 4.5 km
  • The Ottawa - General, Ottawa 4.56 km
  • Montfort, Ottawa 6.59 km
  • Queensway Carleton, Ottawa 11.57 km
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FAQs: 691-701 SOMERSET St W, West Centre Town

  • Q:What is the Area Size of the 691-701 SOMERSET St W In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately sq. ft and is strategically located in Ottawa. The MLS No of this project is X9768534 and the Project is located in Ontario, Canada
  • Q: Does this Project 691-701 SOMERSET St W available for Sale ?

    A: The project 691-701 SOMERSET St W is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 691-701 SOMERSET St W is Offering?

    A:Square Yards is giving a Cashback of $24,000 if you buy this property from us, however there are several key features offered by the 691-701 SOMERSET St W. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 691-701 SOMERSET St W, Ottawa?

    A: 691-701 SOMERSET St W, Ottawa comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Ottawa, On?

    A:Ottawa, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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