$6,995,000 FOR SALE

Commercial/Retail

Lot: 143 x 0 ft

1008 Wellington Street W
Ottawa, ON K1Y 2X9 | Hintonburg

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:47423)

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Listed By ACERTA REALTY INC., SOLID ROCK REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1405240
Last Updated Aug 02, 2024
Property Summary
Property Type Commercial/Retail

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Neighbourhood Hintonburg
Price History
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Detailed Information
Lot 143 x 0 ft
Listing Contract Date 2024-07-31
Municipal ID 040990000
Ownership Type Freehold
# of Parking Spaces 17
Property Type Retail
Transaction Type For sale
Zoning Description TM11
Building
Constructed Date 1940
Land
Total Size 0.45 acres
Size of Irregular Land 0.45

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