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690-B Somerset Street

690-B Somerset Street

West Centre Town, ON

  • Sale Of Business
  • 45 days on market
$3,400/moFor Lease

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

Walk Score

96

Walk

78

Transit

96

Bike

Scores by Walk Score®

R

Reita | Assistant

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