$1,095,000
464 Somerset Street W, Ottawa Centre, ON K1R 5J8
Ottawa Centre
Listing courtesy of PARADIGM COMMERCIAL REAL ESTATE & BROKERAGE INC.
Ottawa Centre · K2P 1V7
$975,000
$584 / sq ft4 months on market
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$1,095,000
Ottawa Centre
Listing courtesy of PARADIGM COMMERCIAL REAL ESTATE & BROKERAGE INC.
Prominently situated on a high-visibility corner along O'Connor Street in Ottawa, this property offers exceptional exposure in a rapidly evolving corridor. The building comprises approximately 1,670 square feet over two levels and has been used as office space for numerous years. The layout features a welcoming reception area, multiple private offices, and a generous main floor boardroom, providing a functional layout and efficient layout. A rare advantage in this location, the site includes on-site parking for approximately six vehicles. This is a compelling opportunity for an owner-occupier/investor seeking immediate usability combined with meaningful long-term upside. A conceptual plan outlines the potential for a six-storey 20 unit residential redevelopment including ground floor office, aligning with ongoing intensification in the surrounding area. The recent announcement of the Taggart development at 267 O'Connor introducing 517 residential units across two landmark buildings-further reinforces the strength and trajectory of this location. Buyers are encouraged to verify zoning for both permitted and intended use. Concept plans have been drafted offering a clear vision of the future potential.
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An estimate on the asking price of $975,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.