Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

237 Somerset Street W, Ottawa Centre, ON K2P 0J3

Commercial Retail
$14
$21,060per month, rent and TMI
Rent
$8,196 / month
TMI
$12,864 / month
Rate
$13.5 / sq ft + $21.19 TMI
Area
7,285 sq ft

Worked out from the rate and area the board publishes, at a twelfth of the annual figure. Confirm the terms before relying on them.

Ground floor suite located at the corner of Metcalfe and Somerset! Featuring large floor-to-ceiling windows for plenty of natural light and excellent visibility on both Metcalfe and Somerset Streets. The suite includes washroom hook up, three entrances, and parking is available

MLS number
X13447764
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K2P 0J3
Photos
6
Property tax
$21 / year
89days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$3 · minimum here is $1
$0.06per month
Borrowed before insurance$11
Total borrowed$11
Interest over 25 years at 4.5%$7

If you rented it out

-$1.81per month out of pocket
Rent$0.00
Everything it costs to hold$1.81
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX HALLMARK REALTY GROUP. Listing data provided by the Toronto Regional Real Estate Board.