Ottawa, ON K1Y2X9,1008 WELLINGTON STREET W
Ottawa, ON K1Y2X9,1008 WELLINGTON STREET W
Ottawa, ON K1Y2X9,1008 WELLINGTON STREET W
Ottawa, ON K1Y2X9,1008 WELLINGTON STREET W
Ottawa, ON K1Y2X9,1008 WELLINGTON STREET W
Ottawa, ON K1Y2X9,1008 WELLINGTON STREET W
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$ 6,995,000
Est. payment | /mo

0.45 Acres Lot


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$ 6,995,000
Est. payment | /mo
Save

0.45 Acres Lot

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.
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zoe@zoebrown.ca

Ottawa, ON, Canada

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1008 WELLINGTON STREET W