$880,000
FOR SALE

Commercial/Retail

Lot: 26.21 x 110.01 ft
2025 Taxes: $5,935.56

638-640 Somerset St W
Ottawa Centre, ON K1R 5K4 | 4103 - Ottawa Centre | Ottawa

Prime mixed-use opportunity in the heart of Centretown. This detached 2-storey property offers flexible TM zoning allowing for residential, commercial, or mixed-use, making it ideal for investors, business owners, or live/work scenarios. Currently configured as two self-contained units and a bonus accessory unit with a separate vestibule entrance, with the option to convert to a 4-bedroom residential layout.Positioned on a 110 ft deep lot with ample on-site parking, this well-maintained building is clean, functional, and full of upside. The main level was previously operated as a restaurant and is set up to meet fire and safety requirements (buyer to verify), while the upper unit features a private balcony. The property also includes a dry basement, adding usable storage or future potential.Recent updates include over $80,000 in upgrades and major components such as roof, furnace, and A/C (approx. 2013-2014). According to MPAC, the property is recognized as a triplex with residential and commercial/industrial use, providing strong long-term flexibility and redevelopment potential.Unbeatable location just steps to Little Italy, Chinatown, LeBreton Flats, and within walking distance to the LRT, offering excellent access to transit, amenities, and future growth.Investor bonus: opportunity to acquire the neighbouring property for a potential land assembly.A rare, versatile asset in a high-demand urban corridor. Great for an investment now, maybe a owner-operated unit in the future!
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12956190
Last Updated May 19, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Service Related
PIN 041210444
Possession Date flexible
Taxes (2025) $5,935.56
Directions/Cross Streets 417 to Bronson North Turn Right (East) on Somerset.
Neighbourhood 4103 - Ottawa Centre
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 26.21 x 110.01 ft
Air Conditioning Yes
Garage Type None
Heat Type Gas Forced Air Open

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