For Lease · Office

192 SOMERSET STREET W, Ottawa

192 SOMERSET STREET W, Ottawa, ON K2P0J4

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

85%

About this property

Excellent opportunity to lease approximately 1,200 sq. ft. of commercial office space in Ottawa's vibrant Centretown neighbourhood. Ideally located within an 8-minute walk of the Ottawa Courthouse, this space offers a convenient and professional setting for a variety of businesses. The office layout features a spacious welcoming foyer and five private offices, providing an ideal setup for legal professionals, consultants, accounting firms, or other professional services seeking a functional and well-located workspace. The property is situated near the intersection of Somerset Street West and Elgin Street, offering convenient access to restaurants, cafés, retail shopping, professional services, government offices and public transit. Its central location within Ottawa's downtown commercial and government district makes it particularly appealing for businesses looking to establish a presence close to key downtown amenities and services. Rent includes heat, hydro, water, property taxes and HST, offering the convenience of an all-inclusive rental arrangement. A fantastic opportunity to secure professional office space in a highly accessible downtown location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

46,415

Households

16,557

Median income

$122,000

Median age

36.7

Daytime population

77,766

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 192 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.