$1,900,000
843-839 Somerset Street W, West Centre Town, ON K1R 6R6
— beds— baths
Key facts
- MLS®
- X13440410
- Status
- New
- Type
- Commercial Retail
- Taxes
- $39,106
- Lot
- 5446.53 Feet
- Listed
- 2026-06-12
- Brokerage
- AVENUE NORTH REALTY INC.
- Cross street
- Rochester Street & Somerset Srreet
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.