575 Somerset Street W, Ottawa, ON, K1R 5K1

Property Details: - Type: Investment - Bedrooms: 0 - Bathrooms: 4 - MLS#: X13086366 Listed By: PARADIGM COMMERCIAL REAL ESTATE & BROKERAGE INC.

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. This investment home located at 575 Somerset Street W, Ottawa is currently for sale and has been available on Zolo.ca for 2 days. This property is listed at $995,000 with an estimated mortgage of $3,662* per month. It has beds and 4 bathrooms. 575 Somerset Street W, Ottawa is in the Ottawa Centre neighborhood Ottawa. Centre Town, Ottawa and Centretown are nearby neighborhoods.