640 Somerset Street W
640 Somerset Street W
$775,000
$517/sq ft · 1 days on market
About This Listing
INVESTORS & DEVELOPERS! Currently generating $7,042/month ($84,504/year) in gross rental income, this rare detached mixed-use property in the heart of Centretown West offers exceptional flexibility and future potential. The upper residential unit is rented for $2,300/month, the main-floor commercial space for $3,842/month through 2027, plus $900/month from the rear space. Zoned TM(2185) H(16), the property offers residential and commercial possibilities and multiple income streams. The main level is currently configured as commercial space, while the self-contained upper unit features a separate entrance and private second-floor balcony. Significant improvements were completed in 2022, including updated appliances and interior upgrades. Additional features include a dry basement and major system updates including roof and furnace. Ideally positioned on Somerset St W in vibrant Chinatown, just minutes from Little Italy, LeBreton Flats, downtown, shops, restaurants, transit and the LRT. Strong income today with exciting long-term potential. (Buyer to verify zoning, permitted uses and redevelopment possibilities. Sold as is)
| Monthly Mortgage (P&I) | $3,377 |
| Property Tax (MLS) | $692 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $4,068 |
Down payment: $155,000 (20.0%) · Mortgage: $620,000
Property tax uses MLS annual tax of $8,300/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by FIDACITY REALTY
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Data last updated: August 23, 2026 at 06:27 a.m.