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
4405 NAVAN ROAD Ottawa
4405 NAVAN ROAD
 $675,000 5 2 109 x 381 FT Ottawa UPPABE INCORPORATED
67 KENILWORTH STREET Ottawa
67 KENILWORTH STREET
 $999,990 3 3 44 x 98 FT Ottawa ENGEL & VOLKERS OTTAWA
306 - 340 QUEEN STREET Ottawa
306 - 340 QUEEN STREET
 $547,000 1 1 Ottawa RARE REAL ESTATE INC.
6607 FOURTH LINE ROAD Ottawa
6607 FOURTH LINE ROAD
 $570,000 5 3 68.05 x 160.03 FT ; 0 Ottawa ROYAL LEPAGE TEAM REALTY ADAM MILLS
101 - 314 CENTRAL PARK DRIVE Ottawa
101 - 314 CENTRAL PARK DRIVE
 $399,000 2 2 Ottawa FIDACITY REALTY
128 GELDERLAND Ottawa
128 GELDERLAND
 $600,000 3 3 23.72 x 92.9 FT Ottawa EXP REALTY
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Jennifer Ritskes

SALES REPRESENTATIVE

Direct: 613.851.0788

Jennifer@JenniferRitskes.com

Innovation Realty Ltd.

8221-B Campeau Drive

Kanata, ON K2T 0A2

Phone (613) 755-2278

Fax   (613) 755-2279


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