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1008 Wellington Street W Ottawa, Ontario K1Y 2X9

10186 sqft

$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.\r\n \r\nThe 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:49993)

Property Details

MLS® Number X9516527
Property Type Retail
Neigbourhood Hintonburg
Community Name 4203 - Hintonburg
ParkingSpaceTotal 17

Building

SizeInterior 10186 Sqft

Land

Acreage No
SizeFrontage 143 Ft
SizeIrregular Unit=143 Ft ; 1
SizeTotalText Unit=143 Ft ; 1
ZoningDescription Tm11

https://www.realtor.ca/real-estate/27245285/1008-wellington-street-w-ottawa-4203-hintonburg


KONSUELLA ROBERTS
Broker of Record

(613) 983-3879
ACERTA REALTY INC.
2175 Caroltodd Drive
Ottawa, Ontario K4B 0E8

(613) 400-8722

JAMIE KATZ
Broker

(613) 720-9079
www.opendoorregroup.ca/
SOLID ROCK REALTY
5 Corvus Court
Ottawa, Ontario K2E 7Z4

(855) 484-6042
(613) 733-3435

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