691-701 SOMERSET Street WWest Centre Town, Ottawa, ON, K1R 6P5
691-701 SOMERSET Street WWest Centre Town, Ottawa, ON, K1R 6P5
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Listing History
Buy/sell history for 691-701 SOMERSET Street W, West Centre Town, ON K1R 6P5
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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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$4,800,000
List price