$6,995,000
1008 WELLINGTON STREET W Ottawa, ON K1Y2X9
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$6,995,000
Est. payment /mo
0.45 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Hintonburg
MLS® Listing ID 1405240
Originating Board Ottawa Real Estate Board
Year Built 1940
Lot Size 0.450 Acres
Acres 19602.0
Property Description
Discover a rare investment opportunity in Ottawa’s revitalized Hintonburg neighborhood. This mixed-use property on Wellington Street West offers 6 commercial units over 10,185 sq.ft. of retail space and 11 residential units above, all fully occupied. With over 140 feet of prime frontage, this property is the largest site between Parkdale and Somerset Street West, covering approximately 20,039 sq. ft. The property generates a gross income of $586,658, with operating expenses of $228,965, producing a net operating income of $357,693. Its prime location provides easy access to Tunney’s Pasture, Bayview LRT Station, LeBreton Flats, and the Queensway via Parkdale Avenue. Zoned TM11, the property allows for diverse uses and a development height of 20 meters (65 feet), making it ideal for future residential intensification redevelopment. This property is a secure, lucrative investment offering steady rental income and significant growth potential in a vibrant, artistic community. (id:24570)
Location
Province ON
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 17
Private Pool No
Others
Ownership Freehold
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Listed by ACERTA REALTY INC.