1008 Wellington Street W West Centre Town (4203 - Hintonburg), Ontario K1Y 2X9
$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.\r\n \r\nThe 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:37464)
Property Details
| MLS® Number | X9516527 |
| Property Type | Retail |
| Neigbourhood | Hintonburg |
| Community Name | 4203 - Hintonburg |
| Parking Space Total | 17 |
Building
Land
| Acreage | No |
| Size Frontage | 143 Ft |
| Size Irregular | Unit=143 Ft ; 1 |
| Size Total Text | Unit=143 Ft ; 1|under 1/2 Acre |
| Zoning Description | Tm11 |
Sales Representative
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November 27 2024 02:34:55
Ottawa Real Estate Board
Acerta Realty Inc., Solid Rock Realty