1008 WELLINGTON STREET W
Hintonburg Ottawa K1Y 2X9

$6,995,000
Retail

Main Photo: 1008 WELLINGTON STREET W in Ottawa: Retail for sale : MLS®# 1405240
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Status:
Active
Prop. Type:
Retail
MLS® Num:
1405240
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:2493)
Property Type:
Retail
Common Interest:
Freehold
Total Living Area:
0 sq. ft.
Transaction Type:
For sale
Zoning:
TM11
Ownership Type:
Freehold
Taxes:
$95,221 / 2024
Community:
Hintonburg
Age:
84 years
Fireplace:
No
Lot Frontage:
143'
Acreage:
No
Lot Size:
19,602 sq. ft.
Lot Size:
0.45 ac
Lot Details:
0.45
Total Parking Spaces:
17
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Listed by ACERTA REALTY INC. and SOLID ROCK REALTY
Data was last updated October 11, 2024 at 02:15 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$1,795,000
Min list price:
$649,990
Max list price:
$6,995,000
Avg days on market:
121
Min days on market:
69
Max days on market:
344
Avg price per sq.ft.:
$424.5
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
JUAN CARLOS ZARCO
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.