Space
Finished area and layout
- Bathrooms
- 4
+7 more
4
Bathrooms
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
Lot
Land, frontage and setting
- Zoning
- H1 H(16.5)
Costs
Price, taxes and monthly charges
About This Property
This 4-bathroom investment in Ottawa Centre is available for your consideration. The property has zoned H1 H(16.5). The home features partial.
MLS Remarks
Rare dual-opportunity in the heart of Centretown. Buy cash flow today, build tomorrow. Three tenanted units generating verified income with a vacant basement offering additional income potential. Included is a complete, permit-ready 10-unit redevelopment package - full architectural, servicing, grading, electrical and tree reports. Building and demolition permits submitted to the City of Ottawa; first-round review complete with standard infill comments issued. Buyers can revise or proceed to resubmission under their own name. Set up for MLI Select financing: up to 95% LTV and 50-year amortization. Accessible lift included in plans with potential to add 2 additional storeys. 33' x 112' lot. 4 parking spaces. Walking distance to Bank St, Elgin, and Little Italy. Close to grocery, retail, dining, transit and LRT. Unit mix: 2 x 2-bedroom, 1 x 1-bedroom (tenanted) + basement unit (vacant). Permit-ready package, architectural drawings, and financials available.
Full Listing Details
Address575 Somerset Street W, Ottawa Centre, ON K1R 5K1
MLS#X13758910
Listing StatusNew
Property TypeCommercial
Sub-TypeInvestment
TransactionSale
List DateSep 9, 2026
Days on Market46
Annual Tax$7,562 (2026)
Possession DetailsTenanted
StyleMixed Use
Bathrooms4
CityOttawa Centre
ProvinceOn
Postal CodeK1R 5K1
Lot Size3,735 sqft
ZoningH1 H(16.5)
CoolingPartial
UtilitiesYes
Annual Tax$7,562 (2026)
Business TypeApts - 2 To 5 Units
From Bank St, head west on Somerset St W. Property on north side between Lyon St N and Bay St.
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