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Business For Sale · Retail

C - 816 SOMERSET STREET W, Ottawa

C - 816 SOMERSET STREET W, Ottawa, ON K1R6R5

Price on request

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Asset Class

Retail

Size

—

Building class

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

87%

About this property

An exceptional opportunity to establish your business in a brand-new commercial building in the heart of Ottawa's vibrant Chinatown district. Featuring four contemporary commercial units, including two on the main floor and two on the second floor, this property offers versatile leasing opportunities ideally suited for restaurants, retail concepts, professional offices, and a variety of service-oriented businesses. All four units are equipped with private washrooms, providing added convenience and functionality for both businesses and their clientele. The main-floor units offer convenient ramp access, enhancing accessibility for customers, clients, and visitors. Additionally, the main-floor commercial space features a finished lower level with an extra washroom and valuable supplementary space, offering exceptional flexibility for storage, inventory management, administrative operations, staff facilities, or other business needs. This thoughtful layout allows for a seamless separation of customer-facing operations and essential back-of-house functions. Ideally situated along the bustling Somerset Street West corridor, the property enjoys excellent proximity to established businesses, acclaimed restaurants, residential communities, and an array of everyday amenities. With convenient access to downtown Ottawa, Little Italy, public transit, and major transportation routes, this location offers both visibility and connectivity in one of the city's most dynamic commercial districts. Whether introducing a new concept or expanding an established enterprise, this is a compelling opportunity to secure a modern commercial space in a sought-after central location. Limited on-site parking may be available at an additional cost. All intended uses are subject to applicable zoning requirements and municipal approvals. Brand-new construction, contemporary commercial spaces, a prime Chinatown address, and flexible leasing opportunities with immediate occupancy available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.50M

Down payment30% · $450K

Interest rate6.25%

Amortization25 years

Occupancy87%

Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

52,724

Households

18,610

Median income

$133,500

Median age

38.9

Daytime population

50,783

5-yr growth

1.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for C - 816 SOMERSET STREET W, Ottawa.

NDA required

Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.