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827 Somerset St W 2,628 SF 100% Leased Retail Building Ottawa, ON K1R 6R4 $1,162,862 USD ($442.49 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.

827 Somerset