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1 / 51• 48 locked
843-839 Somerset Street W
West Centre Town, ON K1R 6R6
Price
$2,100,000
Building Size
5,446.53 sq ft
Lot: 5,447 sq ft
MLS# X12720182 | Listed by RE/MAX HALLMARK REALTY GROUP
Commercial Specifications
Property Description
Incredible Investment Opportunity in the Heart of Chinatown! Located on bustling Somerset Street West, this traditional Main Street-zoned property offers excellent passive income potential with a projected annual income of $120,000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses.The adjacent unit has recently been rented on a 5 year lease with a 5% yearly escalation starting at $6,400/month + HST. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63,000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property Highlights: High visibility with large street-facing windows, 6 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don't miss your chance to own a versatile, income-generating property in one of the city's most dynamic neighbourhoods.
Price & Status History
Price history is locked
Location
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843-839 Somerset Street W, West Centre Town K1R 6R6
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Guided by Vick Yogeswaran • REALTOR®
RE/MAX Realtron Realty Inc., Brokerage
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Listing Courtesy of: RE/MAX HALLMARK REALTY GROUP
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
Data Accuracy: While every effort has been made to ensure the accuracy of the information, HouseIndex.ca makes no warranties or representations as to the accuracy, completeness, or reliability of this data. All information should be independently verified. Last updated data may not reflect the most current MLS® listings.