CAONOttawa575 Somerset St W
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575 Somerset St W, Ottawa, ON

House

For Sale

Listed price in listed location currency (CAD).
$995,000

044

MLS® X13086366

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage Outside/Surface
Taxes $7,562
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13086366

Property Address: 575 Somerset St W, Ottawa, ON, K1R5K1

Average square foot calculated using Size range provided by listing agent.

Description

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. Contact listing agent for data room access.
MLS® NumberX13086366
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageOutside/Surface
Approx. Age
Basement
DrivewayGarage Type:Outside/Surface
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 5, 2026List Date
$995,000List Price
  • Commute

Commute

Starting Address
Destination Address
575 Somerset St W, Ottawa, ON

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