$ 6,995,000
-
$6,995,000
Price -
0
Bed - Bath
-
10,186
SqFt
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About the Listing 476900 -
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.
Listing Highlights for 1008 Wellington St W
Status
Active
Days on Site
316
Property Type
Commercial Sale
MLS ®
X9516527
Year Built
Total Square Footage
10,186
Lot/Acreage
N/A
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Unknown
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Unknown
- Others:
- Sewer: Unknown
- Parking Features: Unknown
Financial Details
- Tax Amount: $95,221
- Taxes w/Assessments: N/A
- Tax/Property ID: 040990000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1008 Wellington St W West Centre Town, ON K1Y 2X9
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