$ 6.995.000

1008 Wellington Street W, Ottawa

  • Type: Commercial
  • Added: 93 days ago
  • Updated: 93 days ago
  • Last Checked: 18 hours ago
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:1945)

Property Details

  • Year Built: 1940

Exterior & Lot Features

  • Lot Size Units: acres
  • Parking Total: 17
  • Lot Size Dimensions: 0.45

Location & Community

  • Common Interest: Freehold
  • Street Dir Suffix: West

Tax & Legal Information

  • Tax Year: 2024
  • Parcel Number: 040990000
  • Tax Annual Amount: 95221
  • Zoning Description: TM11
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Nearby Places

Name
Type
Address
Distance
Adult High School
School
300 Rochester St
1.0 km
LeBreton Flats
Park
1 Vimy Pl
1.2 km
Dominican University College
University
96 Empress Ave
1.3 km
The Ottawa Hospital-Civic Campus
Hospital
1053 Carling Ave
1.3 km
Canadian War Museum
Museum
1 Vimy Pl
1.5 km
Bronson Centre
Health
211 Bronson Ave
1.7 km
Glebe Collegiate Institute
School
212 Glebe Ave
2.1 km
Library and Archives Canada
Library
395 Wellington St
2.1 km
Arboretum
Park
Ottawa
2.2 km
Canada Agriculture and Food Museum
Museum
901 Promenade Prince of Wales
2.2 km
Westgate Shopping Centre
Shopping mall
1309 Carling Ave
2.2 km
Ottawa Marriott Hotel
Lodging
100 Kent St
2.3 km
More Details?
  • Konsuella Roberts
  • ACERTA REALTY INC.
  • 613-983-3879

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