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827 Somerset St W 2,628 SF 100% Leased Retail Building Ottawa, ON K1R 6R4 $1,138,962 USD ($433.40 USD/SF)

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INVESTMENT HIGHLIGHTS

  • Fully tenanted mixed-use building with two floors and a new roof replaced in 2021.
  • Second-floor 4-bedroom residential unit currently occupied on a month-to-month basis.
  • Main level leased to a restaurant generating $4,500/month, with lease in place until September 30, 2027.
  • Potential to convert upper level into two separate 2-bedroom, 1-bath units for added rental income.

EXECUTIVE SUMMARY

This fully operating mixed-use building features two floors, with a new roof installed in 2021, along with a recently upgraded high-efficiency gas furnace and hot water tank. The main level is currently leased to a restaurant tenant, generating $4,500 in monthly rental income with a lease in place until September 30, 2027. The second level is a 4-bedroom residential unit, currently tenanted on a month-to-month basis, offering flexibility for future occupancy or redevelopment. The property also presents an excellent conversion opportunity—potential to reconfigure the upper floor into two separate 2-bedroom, 1-bath units, increasing rental versatility and income potential.

ATTACHMENTS

827 Somerset

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,628 SF
Building Class
C
Year Built
1980
Price
$1,138,962 USD
Price Per SF
$433.40 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
TM (112) H (16) - Traditional Mainstreet
Parking
11 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
56’ on Somerset Street West
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Crossfit
Hero Certified Burgers
Starbucks
Scotiabank
The Famous Owl of Minerva
Tim Hortons
Second Cup Cafe
Anytime Fitness
CIBC
The WORKS Craft Burgers & Beer
  • Listing ID: 37140669

  • Date on Market: 8/6/2025

  • Last Updated:

  • Address: 827 Somerset St W, Ottawa, ON K1R 6R4

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