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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Ottawa
About 625 Somerset Street
625 Somerset presents a mixed-use freehold asset along one of downtown Ottawa's established corridors. The property features a ground-floor restaurant with existing restaurant-style fit-ups, complemented by a second-floor residential unit, alongside strong underlying real estate fundamentals, including prominent street frontage and a central location. Near-term lease expiries provide flexibility to extend existing tenancies or accommodate an owner-occupier, supporting future repositioning or alternate use over time.
Ottawa retail priced at $800,000 — book a tour to see if it fits your search.
Inside 625 Somerset St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
625 Somerset St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13207242$800,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 625 Somerset St Compares to the Ottawa Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings249Homes for sale here right now.
Median vs prior 90 days+1.4%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 138 sales from Jul 24 – Oct 22, 2026 (107 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
625 Somerset St is listed at $800,000 (MLS® X13207242). Summitly updates the price as soon as the MLS® record changes.
Has the price of 625 Somerset St changed?
No — 625 Somerset St is still listed at its original asking price of $800,000.
How many bedrooms and bathrooms does 625 Somerset St have?
The listing for 625 Somerset St doesn't publish its bedroom and bathroom count. It is a commercial property in Ottawa.
Is 625 Somerset St close to transit?
The nearest rapid-transit station is Pimisi Station (O-Train Line 1), about 710 m (about a 9-minute walk) in a straight line. Lyon Station is about 750 m (about a 9-minute walk), and Parliament Station is about 1.1 km (about a 14-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 625 Somerset St compare with other homes in Ottawa?
Its asking price of $800,000 is about 79% above the median sold price in Ottawa over the last 90 days, $446,000, across 138 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 625 Somerset St been sold before?
Summitly has no earlier MLS® sale or lease of 625 Somerset St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 625 Somerset St?
625 Somerset St is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 625 Somerset St been on the market?
147 days — 625 Somerset St was listed on May 28, 2026.
What is the land transfer tax on 625 Somerset St?
About $12,475 in Ontario land transfer tax at the asking price of $800,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 625 Somerset St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 625 Somerset St?
The listing for 625 Somerset St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Ottawa.
When was 625 Somerset St built?
The listing for 625 Somerset St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.