464 Somerset Street, Ottawa Centre, ON
Property Highlights
Welcome to this remarkable office located in the coveted neighborhood of 4103 - Ottawa Centre. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,125,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 4 Bathrooms
- Premium 38.66 x 110 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Character-rich Centretown office opportunity just steps from the Financial District and minutes to Parliament Hill. This well-maintained Victorian-style property offers approximately 2,532 SF above grade plus an additional 828 SF of usable lower-level space. Original architectural features including detailed millwork, high ceilings, and oversized windows are complemented by significant existing office buildout that can be readily repurposed for a variety of professional uses.The property is configured with a mix of approximately 7 enclosed offices and 4 open work areas, along with reception, kitchenette, storage, and additional finished lower-level workspace. The layout supports a natural separation between client-facing areas and internal operations, making it well-suited to a range of professional, medical, or service-based users.On-site rear parking for 8+ vehicles (tandem configuration), a rare offering in this location, complements strong walkability to Bank Street amenities, government offices, transit, and LRT. A strategic opportunity for owner-users seeking presence, character, and long-term value in a central location.
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Pricing & Value Insights
Data-driven valuation for 464 Somerset Street W, Ottawa Centre, ON K1R 5J8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Ottawa Centre, ON
For a property listed at $1,125,000 in Ottawa Centre, the legal minimum down payment is $225,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $18,975 for this transaction. As this listing is in Ottawa Centre (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $18,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.