691-701 Somerset St W is a retail in West Centre Town, listed for $4,500,000.
1Additional amenities include a lower-level parking garage accommodating approximately 16 vehicles, with access from Cambridge Street North, as well as ample street parking and an adjacent parking lot to the west.
2Detailed financial information and a schedule of recent capital improvements are available upon request.
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Commercial Property in West Centre Town
About 691-701 Somerset Street West
691-701 Somerset Street West presents an opportunity to acquire a fully leased retail investment in the heart of Ottawa's Chinatown. The property comprises approximately 13,073 rentable square feet across five retail tenancies, offering 100% occupancy and an area-weighted average lease term (WALT) of approximately 3.34 years. Having recently undergone significant capital improvements, the building offers investors the benefit of completed upgrades and reduced near-term capital expenditure requirements. The property features a unique configuration of ground and second-floor retail space, with the upper level serviced by an elevator and an attractive architectural spiral staircase that serves as a distinctive design feature. Additional amenities include a lower-level parking garage accommodating approximately 16 vehicles, with access from Cambridge Street North, as well as ample street parking and an adjacent parking lot to the west. Detailed financial information and a schedule of recent capital improvements are available upon request.
West Centre Town retail priced at $4,500,000 — book a tour to see if it fits your search.
Inside 691-701 Somerset St W
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
691-701 Somerset St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14176170$4,500,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 691-701 Somerset St W Compares to the West Centre Town 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.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
West Centre Town market, last 90 days
Median sold price
$612,500
Average sold price
$652,450
Average days on market
37
Homes sold
52
Closed sales on the TRREB MLS®.
Living in West Centre Town: Location & Amenities
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
For homeowners nearby
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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.
Keep looking near 691-701 Somerset St W
Market pulse · West Centre Town
Median sold price$612,500Last 90 days
Average days on market37Homes sold in about 37 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings116Homes for sale here right now.
Median vs prior 90 days−12.6%Compared with May 17 – Aug 15, 2026: prices down.
Based on 52 sales from Aug 15 – Nov 13, 2026 (54 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 691-701 Somerset St W
How much is 691-701 Somerset St W listed for?
691-701 Somerset St W is listed at $4,500,000 (MLS® X14176170). Summitly updates the price as soon as the MLS® record changes.
Has the price of 691-701 Somerset St W changed?
No — 691-701 Somerset St W is still listed at its original asking price of $4,500,000.
How many bedrooms and bathrooms does 691-701 Somerset St W have?
The listing for 691-701 Somerset St W doesn't publish its bedroom and bathroom count. It is a commercial property in West Centre Town.
How does 691-701 Somerset St W compare with other homes in West Centre Town?
Its asking price of $4,500,000 is about 635% above the median sold price in West Centre Town over the last 90 days, $612,500, across 52 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 691-701 Somerset St W been sold before?
Summitly has no earlier MLS® sale or lease of 691-701 Somerset St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 691-701 Somerset St W?
691-701 Somerset St W is in West Centre Town, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 691-701 Somerset St W been on the market?
1 day — 691-701 Somerset St W was listed on November 12, 2026.
What is the land transfer tax on 691-701 Somerset St W?
About $98,975 in Ontario land transfer tax at the asking price of $4,500,000. 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 691-701 Somerset St W 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 691-701 Somerset St W?
The listing for 691-701 Somerset St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for West Centre Town.
When was 691-701 Somerset St W built?
The listing for 691-701 Somerset St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
