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:4069)
Address
1008 WELLINGTON STREET W
List Price
$6,995,000
Property Type
Retail
Area
Ontario
Sub-Area
Ottawa
Floor Area
10,186 Sq. Ft.
Lot Size
Unit=143 FT ; 1 Sq. Ft.
MLS® Number
X9516527
Listing Brokerage
ACERTA REALTY INC.
| SOLID ROCK REALTY
Postal Code
K1Y2X9
Zoning
TM11
