For Sale

820 Somerset Street, West Centre Town, Ontario K1R 6R5

$949,000

820 Somerset Street, West Centre Town, Ontario K1R 6R5 is For Sale and has a listing price of 949,000. The property is located in the West Centertown neighbourhood . It's been on the website for 26 Days.

  • MLS ID: X12480805
  • Office Name ROYAL LEPAGE INTEGRITY REALTY
Property Description

Outstanding mixed-use investment opportunity in the heart of downtown Ottawa! This charming two-storey property features a licensed, fully equipped 1000 sq. ft. restaurant on the main level, complete with a commercial kitchen, three washrooms, and a welcoming patio space perfect for guests. The existing liquor license is transferable, and restaurant equipment is included – offering a turnkey solution for food entrepreneurs or investors. Above, a fully furnished two-bedroom apartment currently operates as a successful short-term rental, presenting immediate income potential. The basement is partially finished with a full washroom and offers excellent storage or additional development opportunities. Benefit from TWO private parking spaces, high pedestrian exposure, and direct access to public transit. Zoned for mixed commercial and residential use, this versatile property is ideal for owner-occupiers, restaurateurs, investors, or those seeking a live/work setup. Whether you’re looking to continue with short-term rentals, convert to long-term tenants, or reimagine the space for a new business concept – the possibilities are endless! Don’t miss your chance to own a centrally located, income-generating gem in vibrant Chinatown!

Property Details
  • MLS ID: X12480805
  • Price: $949,000
  • Lot Depth: 90.07
  • Transaction Types: For Sale
  • Ref ID: X12480805
  • Year Built: N/A
  • Dir / Cross St: Somerset St W and Booth St
  • Status: Active
  • Tax Year: 2025
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
10/24/2025 X12480805 $949,000 For Sale - -
08/19/2025 X12351692 $6,500 For Rent - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
West Centertown
  • $933,289 Average List Price
    based on 1 year
  • 16 New Listings
    based on 30 days
  • 24 Median Days on Market
    based on 1 year
  • List vs. Selling Price 1.99 % Up
  • Sold (12mo) 49
  • Rented (12mo) 54

  • 1 Month Change -100.0%
  • 3 Month Change -
  • 6 Month Change -
Walkscore
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Outside/surface
  • Taxes: $9,042
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: FLEX
  • Listing Entry Date: 24/10/2025 16:51:52
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