1008 Wellington Street W Ottawa, Ontario K1Y 2X9
$6,995,000
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:36465)
Property Details
| MLS® Number | 1405240 |
| Property Type | Retail |
| Neigbourhood | Hintonburg |
| Parking Space Total | 17 |
Building
| Constructed Date | 1940 |
Land
| Acreage | No |
| Size Frontage | 143 Ft |
| Size Irregular | 0.45 |
| Size Total | 0.45 Ac |
| Size Total Text | 0.45 Ac |
| Zoning Description | Tm11 |
https://www.realtor.ca/real-estate/27245285/1008-wellington-street-w-ottawa-hintonburg
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 02 2024 04:51:16
Ottawa Real Estate Board
Acerta Realty Inc., Solid Rock Realty
Brent McElheran, Broker of Record Royal LePage Team Realty
McElheran & Associates
Phone: 613.725.1171 | Toll free: 1.800.307.1545 | Email: mail@brentmcelheran.com
The trademarks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trademark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trademarks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trademark displayed on this site without the express permission of the owner.