$6,995,000
1008 WELLINGTON ST W West Centre Town, ON K1Y 2X9
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$6,995,000
Est. payment /mo
10,186 SqFt
UPDATED:
11/20/2024 11:43 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 10,186 sqft
Price per Sqft $686
MLS Listing ID X9516527
Annual Tax Amount $95,221
Tax Year 2024
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.
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.
Location
Province ON
County Ottawa
Area 4203 - Hintonburg
Rooms
Family Room No
Interior
Cooling Unknown
Exterior
Garage Spaces 17.0
Pool None
Utilities Available Unknown
Roof Type Unknown
Others
Security Features Unknown
Pets Description Unknown
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Listed by ACERTA REALTY INC.
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