551 Somerset St W
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551 Somerset St W
2,400 SF Retail Building Ottawa, ON K1R 5J9 $818,621 USD ($341 USD/SF)
Executive Summary
Welcome to 551 Somerset St. A building built with the style and design of years past. The only difference is that the entire building was mostly restructured/renovated in 2016 to the recent building code and fire code. Work that was completed is; all mechanical, electrical, updated, all floor joists replaced, and all plumbing including underground plumbing to the City sewer is new at the time of renovation. All Electrical is new and upgraded at the time of renovation. All windows, doors, and roof and two new furnaces were also updated at the time of the renovation. Two new air conditioners were replaced in 2021. This building has two units separately metered. Architectural drawings/plans can be available upon request. This is a turn-key, fully occupied building in a great location across from Dundonald Park.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,400 SF
Building Class
C
Year Built
1930
Price
$818,621 USD
Price Per SF
$341 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.84
Land Acres
0.07 AC
Zoning
TM14 - Traditional Mainstreet
Parking
1 Space (0.42 Spaces per 1,000 SF Leased)
Frontage
21 FT on Bay Street
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Biker's Paradise (98)
Nearby Major Retailers
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551 Somerset St W
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