K1R5J8 Real Estate

Welcome to the vibrant neighborhood of K1R 5J8, nestled in the heart of Ottawa, Ontario. This charming zip code is not just a number; it represents a thriving community brimming with culture, convenience, and character.

K1R 5J8 is situated in one of Ottawa’s most desirable areas, offering residents the perfect blend of urban living and natural beauty. Just a stone's throw away from the Ottawa River, this neighborhood boasts picturesque views and an abundance of outdoor activities. Whether you enjoy leisurely strolls along the waterfront or exploring the scenic paths of nearby parks, K1R 5J8 is a haven for nature lovers and outdoor enthusiasts alike.

The area is well-connected, making it easy to access downtown Ottawa's bustling business district, eclectic shops, and renowned dining establishments. Residents can enjoy a vibrant arts scene, with galleries, theaters, and cultural festivals that celebrate the diverse fabric of the community.

Families will appreciate the excellent educational institutions nearby, including both public and private schools, ensuring that children receive a quality education. K1R 5J8 is also home to a variety of local amenities, including grocery stores, cafes, and recreational facilities, making everyday life both convenient and enjoyable.

In K1R 5J8, you’ll find a warm, welcoming community where neighbors become friends and new memories are created daily. Whether you’re looking to buy, rent, or invest, this area offers a unique opportunity to be part of Ottawa’s rich tapestry. Discover the charm of K1R 5J8, where your dream home awaits!

$938,000

X13732866 MLS® #

Location, Location, Location! Transform this high visibility asset into Commercial space of your own. Flexible zoning allows for Mixed use - turn into an OFFICE or have SHORT TERM RENTALS, etc. Endless possibilities await with this exceptional income-generating property in the heart of Central Ottawa, ideally positioned between Centretown, Chinatown, and Little Italy. A rare opportunity for investors, developers, and land bankers seeking strong cash flow today with substantial redevelopment potential tomorrow. Zoned TM14 H(20), this highly flexible zoning allows for a wide range of commercial, mixed-use, and multi-residential uses with building heights up to 20 metres, creating tremendous future upside in one of Ottawa's fastest-growing urban corridors. Situated on a 29 x 110 ft lot with 5 rear parking spaces, this property offers unbeatable convenience with a near-perfect Walk Score of 99/100. Steps to transit, employment hubs, restaurants, parks, shopping, and downtown amenities, this location continues to attract strong tenant demand and redevelopment interest. Currently configured with 7 (seven) fully furnished mid- to long-term residential tenants (formerly office use), accompanied by 2 shared kitchens and 2 shared bathrooms. The property has undergone over $100,000 in renovations to enhance tenant appeal and maximize rental performance. Potential gross income when fully rented: $116,832/year. Generate strong existing income while maintaining the flexibility to redevelop, reposition, expand, or hold as a long-term appreciation asset. Ideal for developers, commercial investors, multi-unit buyers, and those seeking a value-add opportunity with future intensification potential. Rarely do properties combine cash flow, premium urban location, zoning flexibility, parking, and development potential in one package. Contact listing agent for financials, additional photos, and private viewing. ALL SERIOUS OFFERS WELCOME. (id:5764)

474 SOMERSET Street West, Ottawa

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

K1R5J8 Real Estate

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