+ 22 photosFor Sale · Commercial Retail
640 Somerset Street W, Ottawa Centre, ON K1R 5K4
Ottawa Centre · 4103 - Ottawa Centre
3 days on market
—
Beds
—
Baths
—
Parking
1500 sq ft
Sq ft
—
Built
About this home
- Mixed-use detached property with upper residential unit and main-floor commercial space, 1500 sq ft
- Currently generates $7,042/month gross rental income: $2,300/month residential unit, $3,842/month main-floor commercial (lease through 2027), $900/month rear space
- Zoned TM(2185) H(16) allowing residential and commercial uses; buyer to verify zoning and permitted uses
- Upper unit is self-contained with separate entrance and private second-floor balcony
- 2022 improvements include updated appliances, interior upgrades, roof replacement, furnace replacement, and dry basement
- Located on Somerset Street W in Centretown West near Chinatown, Little Italy, LeBreton Flats, downtown, and LRT access
Key points summarised from the listing description.
Property details
Listed on
September 12, 2026
Days on market
3 days
Property tax
$8,300 (2025)
Lot
25.85 × 110.01 Feet
Heating
Gas Forced Air Open
Cooling
No
MLS®
X13775652
Full details
Parking
GarageNone
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| September 12, 2026 | — | $724,900 | For Sale | X13775652 |
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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 6.6% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$10,973
Legal · title · inspection$2,800
Closing costs$13,773
Down payment$144,980
Total cash to close$158,753
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.
