843-839 Somerset Street

West Centre Town, ON

5,446 sqft
Commercial Retail

$1,900,000

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 has recently been rented on a 5 year lease with a 5% yearly escalation starting at $6,400/month + HST. 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, 6 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.

Listing Details

Taxes (2025): $39,106
Listed: June 12, 2026

Price History

Listing history

Property

Lot Size: 82.57 x 65.97 Feet

Parking

Garage: None

Location & Legal

Cross Street: Rochester Street & Somerset Srreet
Zoning: Tm (78) H15
Parcel Number: 041100286
Possession: Flexible
Occupancy: Tenant

Included

Inclusions: All existing chattels
Exclusions: All tenant's belongings

Community

Postal area K1R

Population: 20,343
Private dwellings: 12,836
Median age: 36
Average household size: 1.7
Median household income: $74,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in West Centre Town · last 12 months

Median sold price: $667,000
Homes sold: 175
Median days on market: 20
Sale-to-list price: 98.0%

Based on 175 recorded sales of commercial properties in West Centre Town over the last 12 months.

Listed by

AVENUE NORTH REALTY INC.

Walk Score

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Location

Street View

Commercial figures

Building area: 5,446 sq ft
Price per sq ft: $348.88
Annual property tax: $39,106
Tax per sq ft: $7.18

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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