843-839 Somerset Street W, West Centre Town, ON K1R 6R6 (Rochester Street & Somerset Srreet)

Price : $2,100,000.00 , MLS®# : X12399644

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 is currently vacant and presents an exceptional opportunity potentially renting for up to $6,900/month. 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, 5 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.

Location Description

Rochester Street & Somerset Srreet

Property Details
  • Community: 4204 - West Centre Town
  • Property Type: Tenant/Commercial
  • Garages: None
  • Annual Property Taxes : $ 39105.73
Building Features
  • Parking Type : None
Building Features
  • Heating : Gas Forced Air Closed
Land (Lot Features)
  • Frontage: 82.57 sq.ft
  • Land Depth: 65.97sq.ft

Listing Contracted With: RE/MAX HALLMARK REALTY GROUP