1008 WELLINGTON STREET W

Ottawa, Ontario, K1Y2X9, Canada

$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.rn rnThe 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.

Last updated on : Thursday 19th of December 2024 10:21:59 AM

ADDRESS

Street : 1008 WELLINGTON STREET W

City : Ottawa

Province : Ontario

Country : Canada

Postal Code : K1Y2X9

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PROPERTY SUMMARY

Property ID : X9516527

Property Type : Retail

Parking : 17

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