
690-B Somerset Street
West Centre Town, ON
- Sale Of Business
- 45 days on market
Exceptional opportunity to establish a new venture in one of Ottawa's most prestigious and high-profile locations at the Royal Arch, the iconic gateway to Chinatown. Situated in the heart of West Centre Town, this vibrant and walkable neighbourhood benefits from outstanding transit connectivity via LRT Lines 1 and 2, and major bus routes-ensuring consistent foot traffic and visibility for your business . Somerset Ward consistently ranks as having the highest pedestrian activity in the city, offering daily, repeat customers, while the surrounding area provides a dense residential base of over 35,000 people within walking distance .This fully equipped, licensed dining room features 29 seats, a professional kitchen, and washroom facilities. Beyond its culinary potential, the space is well-suited to a variety of commercial concepts, including office or retail uses. Basement is also available for additional storage. A new lease is available with favourable terms: base rent of $3,400 per month up to Dec 2026, with property taxes and insurance at $800 per month (plus HST) ( approx). Utilities and waste management are billed separately. The unit also includes one dedicated parking space.Joining this location means becoming part of a supportive Business Improvement Area (BIA) that actively promotes the neighbourhood through major events, cultural initiatives, and streetscape enhancements-contributing to a clean, safe, and commercially active district . With competitive rents relative to nearby Centretown and the ByWard Market, this is a rare chance to secure a central address with unmatched exposure and versatility. No Cannabis use, No coffee shop, No Barber shop. Assets NOT included.
Listing Details
- Taxes (2026) — owner
- $2,026
- Listed
- July 22, 2026
Price History
Listing history
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Property
- Lot Size
- 66 x 99 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Somerset & Cambridge St N
- Zoning
- CM1[112] H(16)
- Parcel Number
- 041090002
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Restaurant
- Rental Term
- 60-120 months
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.
Listed by
COLDWELL BANKER FIRST OTTAWA REALTY
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