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631 Somerset St W 1,761 SF 100% Leased Retail Building Ottawa, ON K1R 5K3 $572,904 USD ($325.33 USD/SF)
Investment Highlights
- Mixed-use freehold property featuring a ground-floor barbershop and an upper-level residential unit.
- Tenant-installed barbershop fit-ups provide a functional layout for immediate use or adaptation.
- Prominent street frontage along a well-established downtown Ottawa corridor ensures strong exposure.
- Near-term lease expiries create opportunities for tenancy renewals, owner-occupancy, or repositioning.
Executive Summary
631 Somerset presents a mixed-use freehold asset along a well-established downtown corridor, featuring a ground-floor barbershop with tenant-installed fit-ups and a second-floor residential unit. The property offers a functional and efficient configuration, supported by strong underlying real estate fundamentals, including prominent street frontage and a central location. Near-term lease expiries provide flexibility to extend existing tenancies or accommodate an owner-occupier, supporting future repositioning or alternate use over time.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,761 SF
Year Built
1910
Price
$572,904 USD
Price Per SF
$325.33 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
TM[2185] H(16
Parking
10 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
14’ on Somerset St W
Amenities
- Bus Line
- Signage
- Signalized Intersection
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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631 Somerset St W
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