44
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$5,950,000
Est. payment /mo
10,186 SqFt
Active
1008 WELLINGTON STREET W Ottawa, ON K1Y2X9
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 10186
Square Footage 10,186 sqft
Price per Sqft $584
Subdivision 4203 - Hintonburg
MLS® Listing ID X13720264
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. With over 140 feet of prime frontage, this property is covering approximately 20,039 sq. ft. The property generates a gross income of $648,245, with operating expenses of $255,489, producing a net operating income of $392,756. 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
Rooms
Kitchen 0.0
Interior
Heating Not known
Cooling Unknown
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 17
Garage No
Private Pool No
Listed by ACERTA REALTY INC.
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