1008 Wellington Street W, Ottawa
- Type: Commercial
- Added: 112 days ago
- Updated: 111 days ago
- Last Checked: 3 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 DetailsKey information about 1008 Wellington Street W
- Year Built: 1940
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 1008 Wellington Street W
- Lot Size Units: acres
- Parking Total: 17
- Lot Size Dimensions: 0.45
Location & CommunityUnderstand the neighborhood and community
- Common Interest: Freehold
- Street Dir Suffix: West
Tax & Legal InformationGet tax and legal details applicable to 1008 Wellington Street W
- Tax Year: 2024
- Parcel Number: 040990000
- Tax Annual Amount: 95221
- Zoning Description: TM11
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Nearby Listings Stat
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301
Min Price
$1,400
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Avg Price
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Days on Market
85 days
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Min Sold Price
$125,000
Max Sold Price
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Avg Sold Price
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Days until Sold
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