Exceptional mixed-use fourplex prominently positioned on the corner of Cooper and Percy in the heart of high-demand Centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, HWT, and A/C units are included. Current rents: Barbershop approx. $35,670/year; 2-bedroom $23,400/year; 1-bedroom $19,680/year; 3-bedroom was recently owner-occupied (previously rented at $3,100/month) and is now vacant. Residential Neighbourhood Commercial zoning (R4UD (478) - C); buyer to complete due diligence regarding zoning and permitted uses under Ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, Chinatown, Little Italy, Lebreton Flats, and directly across from the Rideau Curling Club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour.
Address
698 Cooper Street
List Price
$1,640,000
MLS® Status
New
Expiration Date
2026-12-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Ottawa Centre
Sub-Area
4102 - Ottawa Centre
Region
Ottawa
Lot Size Source
GeoWarehouse
Lot Depth
71.92
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
32.96
Parcel Number
041210023
Total Building Area
3200
Occupant Type
Tenant
Cross Street
Bronson Ave & Somerset StW
MLS® Number
X12706774
Listing Brokerage
DETAILS REALTY INC.
Basement
Yes
Postal Code
K1R 6C6
Tax Amount
$7,500.00
Tax Year
2025
Site Influences
Major Highway, Public Transit
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 6, PL 12281 , S/S COOPER ST, AS IN N379841 ; OTTAWA/NEPEAN
Security Features
No
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