690-B SOMERSET STREET W, Ottawa

About this property

Exceptional opportunity to establish a new venture in one of Ottawa's most prestigious and high-profile locations at the Royal Arch, the iconic gateway to Chinatown. Situated in the heart of West Centre Town, this vibrant and walkable neighbourhood benefits from outstanding transit connectivity via LRT Lines 1 and 2, and major bus routes-ensuring consistent foot traffic and visibility for your business . Somerset Ward consistently ranks as having the highest pedestrian activity in the city, offering daily, repeat customers, while the surrounding area provides a dense residential base of over 35,000 people within walking distance .This fully equipped, licensed dining room features 29 seats, a professional kitchen, and washroom facilities. Beyond its culinary potential, the space is well-suited to a variety of commercial concepts, including office or retail uses. Basement is also available for additional storage. A new lease is available with favourable terms: base rent of $3,400 per month upto Dec 2026, with property taxes and insurance at $800 per month (plus HST) ( approx). Utilities and waste management are billed separately.The unit also includes one dedicated parking space.Joining this location means becoming part of a supportive Business Improvement Area(BIA) that actively promotes the neighbourhood through major events, cultural initiatives, and streetscape enhancements-contributing to a clean,safe, and commercially active district . With competitive rents relative to nearby Centre town and the ByWard Market, this is a rare chance to secure a central address with unmatched exposure and versatility. No Cannabis use, No coffee shop, No Barber shop. Assets NOT included. (id:66811)