About this property

Incredible Investment Opportunity in the Heart of Chinatown! Located on bustling Somerset Street West, this traditional Main Street-zoned property offers excellent passive income potential with a projected annual income of $120,000. A long-standing, well-known restaurant tenant occupies one side of the building under a triple net lease, covering all utilities and minimizing owner expenses.The adjacent unit has recently been rented on a 5 year lease with a 5% yearly escalation starting at $6,400/month + HST. Ideal for an owner-occupier or an investor looking to maximize returns, this space is perfect for a wide range of uses. Major capital improvements already completed: the property features a brand new roof (2025) valued at $63,000, offering peace of mind and long-term savings on maintenance. Zoning permits restaurant or other commercial operations or redevelopment for multi-unit residential, offering flexibility and long-term growth. Property Highlights: High visibility with large street-facing windows, 6 dedicated parking spaces for tenants, prime location with a bus stop right at the door, surrounded by vibrant local businesses and community amenities. Don't miss your chance to own a versatile, income-generating property in one of the city's most dynamic neighbourhoods.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12720182
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	5,447 sq ft
Lot Size	5,447 sq ft
Beds / Baths	0 bed · 0 bath
City	West Centre Town
Postal Code	K1R 6R6
Province	ON
Listed Date	March 4, 2026
Days on Market	156
Price per Sq Ft	$386
Brokerage	RE/MAX HALLMARK REALTY GROUP