ON > West Centre Town > 4204 - West Centre Town
West Centre Town, ON K1R 6P5,691-701 SOMERSET ST W
West Centre Town, ON K1R 6P5,691-701 SOMERSET ST W
West Centre Town, ON K1R 6P5,691-701 SOMERSET ST W
West Centre Town, ON K1R 6P5,691-701 SOMERSET ST W
West Centre Town, ON K1R 6P5,691-701 SOMERSET ST W
West Centre Town, ON K1R 6P5,691-701 SOMERSET ST W
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 4,800,000
Est. payment | /mo

14,324 SqFt

Save
$ 4,800,000
Est. payment | /mo
Save

14,324 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 14,324 sqft

Price per Sqft $335

Subdivision 4204 - West Centre Town

MLS Listing ID X9768534

Annual Tax Amount $64,475

Tax Year 2024

Property Sub-Type Commercial Retail

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.

Location

Province ON

County Ottawa

Community 4204 - West Centre Town

Area Ottawa

Rooms

Family Room No

Interior

Cooling Partial

Exterior

Utilities Available Unknown

Roof Type Unknown

Lot Frontage 100.0

Lot Depth 85.0

Others

Security Features Unknown

Pets Allowed Unknown

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
agent-avatar

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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691-701 SOMERSET ST W