575 Somerset Street, Ottawa Centre, ON
Description
Property Highlights
Welcome to this remarkable [] investment located in the coveted neighborhood of 4102 - Ottawa Centre. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 4 Bathrooms
- Premium 33 x 112.5 ft lot size
- Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
- Convenient outside/surface garage included
- equipped with ["partial"] central cooling and highly efficient gas forced air open heating
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.
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Pricing & Value Insights
Data-driven valuation for 575 Somerset Street W, Ottawa Centre, ON K1R 5K1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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