625 Somerset Street, Ottawa Centre, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of 4102 - Ottawa Centre. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $120,000 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 0 Bathrooms
- Premium 33.5 x 112.48 ft lot size
- equipped with yes central cooling and highly efficient gas hot water heating
Description
Exceptional restaurant opportunity in the heart of Ottawa's vibrant Chinatown! This well-established business, Jadeland, is now available for sale (Business Only), offering a seamless transition for the next owner into one of the city's most iconic commercial corridors. The current owner has operated here for a remarkable 29 years! The unit features a functional layout with around 900 sq. ft. of dining space accommodating 11 tables and seating for 50-60 customers, complemented by an expansive 600 sq. ft. professional kitchen designed for high-volume service. Additionally, a basement provides ample storage space. The listing price includes all existing equipment, ensuring a truly turn-key operation from day one. Situated in a prime location with heavy pedestrian and vehicular traffic, this property enjoys unparalleled exposure and is steps away from diverse shops, residential hubs, and the LRT. 8 parking spaces available! Financial statements are available for qualified buyers upon request. Whether you choose to maintain the successful Jadeland legacy or introduce a fresh new culinary concept, this is a rare chance to secure a prominent foothold in a high-demand neighborhood.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 625 Somerset Street W, Ottawa Centre, ON K1R 5K3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Ottawa Centre.
Configure Loan Settings
About Purchasing a Home in Ottawa Centre, ON
For a property listed at $120,000 in Ottawa Centre, the legal minimum down payment is $6,000 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 $925 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 $925.
Nearby Listings
No current listings found in Ottawa Centre.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Ottawa Centre.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.