$ 995,000
-
$995,000
Price -
0
Bed -
4
Bath -
0
SqFt
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About the Listing 499500 -
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.
Listing Highlights
Status
Active
Days on Site
73
Property Type
Commercial Sale
MLS ®
X13086366
Year Built
Total Square Footage
0
Lot/Acreage
3735
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Partial
- Heating: Gas Forced Air Open
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Outside/Surface,No Garage
Financial Details
- Tax Amount: $7,562
- Taxes w/Assessments: N/A
- Tax/Property ID: 041210047
- Tax Year: 2026
Payment Calculator
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Questions About..
575 Somerset St W Ottawa Centre, ON K1R 5K1
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