788 SOMERSET STREET$4,999,900

#1283802

N/A bed

N/A bath

About the Property

Investment/ Development Opportunity. 788 to 792 Somerset St W and 12 and 14 Lebreton St N. Mixed commercial andresidential properties: 4 retail spaces (restaurants), 6 Apartments (1-2 bedroom apartment and 5-1 bedroom apartments) and 16 rooms rentals and approx 15 car parking. Lot: 788 to 792 Somerset St 87.66 x 90.94 Feet Irregular, and 12&14 Lebreton St 86.50 x 156.06 Feet Irregular, total lot area 18871 Sq Ft.The two lots from Somerset St and Lebreton St joins at the back.The total gross income is approx $396,000.00, the total expenses approx $80,000.00, the net income approx $316,000.00. Vendor may take back 1st mortgage with approx 15-20% down payment, terms to be negotiated. Youtube: https://youtu.be/1oaXZp7N3II (id:46641)

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Listing Agent

Jeff Matheson

Salesperson

(613) 404-5700

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Realtor.ca

Property Details

City: Ottawa

Neighbourhood: West Centre Town

Build Year: 1960

Property

Property Type

Retail

Ownership Type

Freehold

Land Depth

90 ft ,11 in

Building

Parking Space Total

6

Measurements

Additional Info

Listing Contract Date

2022-03-28

Zoning Description

TM(112)(H 16)&R4T

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