$6,995,000
Available - For Sale
Listing ID: X9516527
1008 WELLINGTON Street West , West Centre Town, K1Y 2X9, Ottawa
| 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. |
| Price | $6,995,000 |
| Taxes: | $95221.00 |
| Tax Type: | Unknow |
| Occupancy: | Tenant |
| Address: | 1008 WELLINGTON Street West , West Centre Town, K1Y 2X9, Ottawa |
| Postal Code: | K1Y 2X9 |
| Province/State: | Ottawa |
| Legal Description: | PT LT C, BLK 1, PL 111 , LT D, BLK 1, PL |
| Directions/Cross Streets: | From the Queensway, exit at Parkdale Road and head north. Turn right at Wellington Street W. and dri |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 10186.00 |
| Total Area Code: | Square Feet |
| Retail Area: | 10186 |
| Retail Area Code: | Sq Ft |
| Gross Income/Sales: | $586658 |
| Net Income Before Debt: | $357694 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | Unkn |
| Washrooms: | 0 |
| Heat Type: | Unknown |
| Central Air Conditioning: | Unknown |
| Sewers: | Unknown |
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| ACERTA REALTY INC. |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4203 - Hintonburg |
| Tax: | $95,221 |
| Fireplace: | N |
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