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

 

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