Active
691-701 SOMERSET St W
West Centre Town Ontario, K1R 6P5
C$4,800,000
Active
Commercial
691-701 Somerset Street West is one of Chinatown's most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.
X9768534
MLSⓇ ID
January 10, 2025
Updated
Map
691-701 SOMERSET St W
West Centre Town Ontario, K1R 6P5
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Part
Heating
Yes
Heating Description
Gas Forced Air Open
Exterior/Building Features
Lot Size
0.2 Acres
Other Property Details
Area Name
4204 - West Centre Town
Taxes
$64,475
Tax Frequency
Annually
Garage
No
Parking
Underground
Parking Total
20
View
No
County
Ontario
Municipality
West Centre Town
Water Source
Municipal
Pool
No
Zoning
TM [112] H(16)
Courtesy of Listed by , AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES,
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Data last updated 6:51 PM UTC, 1/10/2025