+ 24 photosFor Sale · Investment
474 SOMERSET Street W, Ottawa Centre, ON K1R 5J8
Ottawa Centre · 4103 - Ottawa Centre
14 days on market
—
Beds
—
Baths
5
Parking
2809 sq ft
Sq ft
—
Built
About this home
- Zoned TM14 H(20) for commercial, mixed-use, and multi-residential uses with up to 20 metres building height
- Currently has 7 furnished residential units with 2 shared kitchens and 2 shared bathrooms, generating approximately $116,832 per year at full occupancy
- 2,809 sq ft on a 29 x 110 ft lot with 5 rear parking spaces
- Walk Score of 99/100 in central Ottawa between Centretown, Chinatown, and Little Italy
- Over $100,000 in recent renovations completed
- Steps to transit, employment hubs, restaurants, parks, shopping, and downtown amenities
Key points summarised from the listing description.
Property details
Listed on
September 1, 2026
Days on market
14 days
Property tax
$12,984.16 (2025)
Lot
29 × 110 Feet
Heating
Gas Forced Air Closed
Cooling
Yes
MLS®
X13732866
Full details
Parking
GarageNone
Driveway5
Total parking5
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| September 1, 2026 | — | $938,000 | For Sale | X13732866 |
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True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
This price requires at least 7.3% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$15,235
Legal · title · inspection$2,800
Closing costs$18,035
Down payment$187,600
Total cash to close$205,635
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
