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$6,995,000
Available - For Sale
Listing ID: X9516527
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.
Price $6,995,000
Taxes: $95,221
Occupancy by: Tenant
Address: 1008 WELLINGTON St West , West Centre Town, K1Y 2X9, Ontario
Postal Code: K1Y 2X9
Province/State: Ontario
Legal Description: PT LT C, BLK 1, PL 111 , LT D, BLK 1, PL
Directions/Cross Streets: From the Queensway, exit at Parkdale Road and head north. Turn right at Wellington Street W. and dri
Zoning: TM11
Category: Retail
Total Area: 10,186
Retail Area: 10186
Gross Income/Sales: $586658
Net Income Before Debt: $357694
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ACERTA REALTY INC.

1008 WELLINGTON St West , West Centre Town, K1Y 2X9, Ontario


 
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Type: Com - Commercial/Retail
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4203 - Hintonburg
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Lot Size: 143.00 x 0.00(Feet)
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