870 SOMERSET STREET W$849,900

#1307842

N/A bed

N/A bath

About the Property

Very well-located on Somerset Street West, an ideal high-traffic location suitable for running a great family business. Ultra-walkable West Centretown is close to transit, LRT, LeBreton Flats & Hintonburg. The Seller has made many improvements over the last 5 years. New exterior side upper decking and stairs installed in 2021. Interior improvements include the completely renovated 3-bedroom apartment, done in 2020. A new roof, windows & doors were also installed in 2020. The Furnace and AC were updated in 2015. The current lease rate reflects Landlord's familial relationship with the Tenant, and the initial impact of the pandemic on the restaurant industry. The front porch/patio is not currently being used, but could possibly accommodate additional outdoor seasonal seating. Private parking is for two cards in tandem. All restaurant equipment belongs to the tenant. Rapid area growth in population and local business over the last decade & still moving upward! 48hrs irrev. on offers. (id:46641)

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Listing Agent

Shan Cappuccino

Salesperson

(613) 276-7426

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Property Details

City: Ottawa

Neighbourhood: West Centretown

Property

Property Type

Retail

Ownership Type

Freehold

Land Depth

64 ft ,1 in

Building

Parking Space Total

2

Measurements

Additional Info

Listing Contract Date

2022-08-11

Zoning Description

TM [78] H(15)

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