Active
1008 WELLINGTON St W
West Centre Town Ontario, K1Y 2X9
C$6,995,000
C$686.73 per sqft
Active
10,186 sqft
Commercial
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.
X9516527
MLSⓇ ID
November 21, 2024
Updated
Map
1008 WELLINGTON St W
West Centre Town Ontario, K1Y 2X9
Other Property Details
Area Name
4203 - Hintonburg
Taxes
$95,221
Tax Frequency
Annually
Garage
No
Parking Total
17
View
No
County
Ontario
Municipality
West Centre Town
Pool
No
Zoning
TM11
Courtesy of Listed by , ACERTA REALTY INC.,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
©2024 Toronto Real Estate Board. All rights reserved.
Data last updated 11:44 AM UTC, 11/21/2024