691-701 Somerset Street , West Centre Town, ON K1R 6P5
West Centre Town, ON K1R 6P5
Description
691-701 Somerset Street West is one of Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.
Details
| MLS# | X9768534 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 81 |
| Listing Provided By | AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES | Not Provided |
Features
| SQ Feet | 14,324 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Ottawa |
| City | West Centre Town |
| Zip Code | K1R 6P5 |
| Area | 4204 West Centre Town |
| Listing VS Median (in K1R 6P5) | |
Price: $4,800,000 low | high Med: $4,800,000 SqFt: 14,324 low | high Med: 14,324 $ / SqFt: $335 low | high Med: $335 On Site: 81 low | high Med: 81.000000 | |
