788 SOMERSET STREET

788 SOMERSET STREET

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Property Description

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:47962)

Address: 788 SOMERSET STREET
City: Ottawa
State/Province: Ontario
Zip: K1R6R1
Country: Canada
Days On Market: 96 days
Mls Number: 1283802
Property Type: Retail
Price: $ 4,999,900
Ownership Type: Freehold
Parking Space: 6
Zoning Description: TM(112)(H 16)&R4T
Land Size: 87.66 ft X 90.94 ft (Irregular Lot)
Transaction Type: For sale
Neigborhood: West Centre Town
Half Bathroom (Bathroom Partial): 0
Bathrooms: 0
Year Built: 1960
Fireplace: Not Available
Land Acreage: false
Date Status Price MLS Number URL
May 22, 2022 Active  $4,999,900 1283802

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