CAONOttawa4203 - Hintonburg1008 Wellington St W
1008 Wellington St W, Home with 0 bedrooms, 0 bathrooms and 17 parking in Ottawa ON | Image 1
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$6,995,000

1008 Wellington St W, Ottawa, ON

Real Estate

For Sale

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0017
  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $95,221
Days Active 264
Approx. Age 
MLS® Number X9516527

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberX9516527
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatUnknown
A/CUnknown
Heating Fuel

Extras

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