1008 WELLINGTON STREET W
Ottawa, Ontario K1Y2X9

$6,995,000

ID# X9516527
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:25961)
Courtesy of ACERTA REALTY INC.
Listed on: July 31, 2024

On market: 183 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
924 LAKERIDGE DRIVE Ottawa
924 LAKERIDGE DRIVE
 $1,299,999 6 6 42.98 x 95.54 FT Ottawa EXP REALTY
1006 - 1705 PLAYFAIR DRIVE Ottawa
1006 - 1705 PLAYFAIR DRIVE
 $424,900 2 2 Ottawa ENGEL & VOLKERS OTTAWA
10 - 336 WIFFEN Ottawa
10 - 336 WIFFEN
 $415,000 2 2 Ottawa RE/MAX AFFILIATES REALTY LTD.
29 CHASING GROVE Ottawa
29 CHASING GROVE
 $679,000 3 3 25 x 73.3 FT Ottawa EXP REALTY
969 AVIGNON COURT Ottawa
969 AVIGNON COURT
 $616,000 3 2 41 x 75.27 FT ; yes Ottawa SUTTON GROUP - OTTAWA REALTY
2201 - 3600 BRIAN COBURN BOULEVARD Ottawa
2201 - 3600 BRIAN COBURN BOULEVARD
 $449,990 2 2 Ottawa EXP REALTY
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Nicolas Blackburn

SALES REPRESENTATIVE

Direct: (613) 601.2224

nblackburn@royallepage.ca

Royal LePage Team Realty

1723 Carling Ave

Ottawa, Ontario

Canada K2A 1C8

Office: 613-725-1171

Toll Free: 1-800-307-1545

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