1008 WELLINGTON STREET W

Retail For Sale in Ottawa, Ontario

$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. 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:4069)
Address 1008 WELLINGTON STREET W
List Price $6,995,000
Property Type Retail
Area Ontario
Sub-Area Ottawa
Lot Size 0.45 Sq. Ft.
Year Built 1940
MLS® Number 1405240
Listing Brokerage ACERTA REALTY INC. | SOLID ROCK REALTY
Postal Code K1Y2X9
Zoning TM11

Request More Info or a Showing

YOW Home Team

Innovation Realty

102-659 Sue Holloway Drive Nepean On K2J 5G3

Office: 613-755-2278

Email Directly