$2,500
475 Somerset Street W 2, Ottawa Centre, ON K1R 5J7
Beds
Baths
Parking
Unique commercial opportunity in the heart of Somerset Village. Walk Score 99. This unit features a flexible layout with living room, two rooms, kitchen, and basement laundry access - converted from residential, offering a warm, adaptable footprint ideal for retail, wellness, cafe or office use. Storefront exposure with signage opportunity. 1 parking space included; additional parking available. Steps to the Somerset restaurant corridor, cafés, pubs, and local businesses. Direct neighbour to Keyto My Heart Bakery. Some cosmetic work required. $2,500/month. Flexible lease terms.Landlord willing to finish floor at landlord's expense.

Property Summary

Property Type Commercial
Property Sub Type Commercial Retail
Transaction Type For Lease

Building

Building Type Commercial Retail
Portion for Lease Not specified by MLS
Square Footage 750
Building Area Units Square Feet
Heating Electric Forced Air
Cooling No

Measurements

Lot Size 87 x 112.5
Lot Size Units Feet
Frontage 87
Depth 112.5
Total Living Area 750

Land

Address 475 Somerset Street W 2, Ottawa Centre, ON K1R 5J7
City Ottawa Centre
Community 4102 - Ottawa Centre
County / Area Ottawa
Cross Street Somerset and Lyon
Parcel Number 041200030

Parking and Garage

Garage Type None

Taxes and Listing Info

List Price $2,500
Annual Taxes $27,920
Tax Year 2026
Status Active
Listing Date 2026-05-26T23:19:00Z
Updated 2026-05-26T23:19:00Z
MLS Number X13178624
Local Market Insight

What Buyers Should Know About 475 Somerset Street W 2, Ottawa Centre, ON K1R 5J7

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

475 Somerset Street W 2, Ottawa Centre, ON K1R 5J7 is positioned in 4102 - Ottawa Centre, a part of Ottawa Centre where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Commercial Retail, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Commercial Retail should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Somerset and Lyon, public transit options, parking availability, and drive times to employment areas. A property with available parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $2,500, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows available bedrooms, available bathrooms, basement details marked as to be confirmed, and a lot size of 87 x 112.5, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Ottawa Centre, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around 4102 - Ottawa Centre. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 475 Somerset Street W 2, Ottawa Centre, ON K1R 5J7, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.