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491 SOMERSET Street, Ottawa, ON, K1R 5J7

MLS® # 1414218
Commercial For Sale In Centretown, Ottawa, Ontario
$110,000
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
491 Somerset Street, Ottawa, ON
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ACTIVE
491 SOMERSET Street, Ottawa, ON, K1R 5J7
$110,000

Property Information:

Situated in a bustling downtown area, this restaurant enjoys a prime location near residential neighborhoods and government offices, ensuring a steady flow of potential customers. With high foot traffic and excellent visibility, it's perfectly positioned to attract local residents, office workers, and government employees. The sale includes plenty of appliances, all in excellent working condition, offering a turnkey opportunity to take over the lease and start your own business without major initial investments. Benefit from a very affordable lease rate, making it easier to manage overhead costs and focus on growth. The interior has been completely renovated, creating an inviting atmosphere. The spacious layout provides versatility, accommodating various types of cuisines and dining concepts. This restaurant space is ideal for a new or experienced restaurateur looking to capitalize on a high-demand location. Possibilities are endless! Contact us today to book your showing!

Property Features:

  • Fee Includes: Building Insurance, Water/Sewer
  • Lot Depth: 20.09 Metre
  • Lot Frontage: 9.62 Metre
  • Zoning: TM14 H(20)

Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 491 SOMERSET Street, Ottawa, ON, K1R 5J7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

24 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

24 hot days expected in 2050

36/100

Moderate-Low

ClimateCheck®

Current data

This property, 491 SOMERSET Street , experiences 7 hot days per year at around 29.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 24 hot days at 33.1 degrees Celsius.

Projected Avg. Temperature

Past
29.7℃
2050
33.1℃

# Hot Days Per Year

Past
7
2050
24

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 491 SOMERSET Street , experiences 11 significant 2-day storms per year, with about 319.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.5mm of precipitation per year.

Precipitation Per Storm

Past
319.2mm
2050
408.5mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 491 SOMERSET Street, Ottawa, ON, K1R 5J7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$124,651.07

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.51 %

High school certificate or equivalent

18.56 %

Apprenticeship trade certificate/diploma

3.31 %

College/non-university certificate

13.82 %

University certificate (below bachelor)

3.21 %

University Degree

51.59 %

Commuter

Travel To Work

By Car

35.43 %

By Public Transit

19.65 %

By Walking

36.4 %

By Bicycle

2.59 %

By Other Methods

5.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

90.03 %

Houses

9.97 %

Own Vs. Rent

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