$6,995,000
FOR SALE

Commercial/Retail

Lot: 143 x 0 ftTotal Area: 10,186 ft2
2024 Taxes: $95,221

1008 WELLINGTON St W
West Centre Town, ON K1Y 2X9 | 4203 - Hintonburg | 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.
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Listed By ACERTA REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9516527
Last Updated Dec 19, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Retail
PIN 040990000
Legal Description PT LT C, BLK 1, PL 111 , LT D, BLK 1, PL 111 , LT E, BLK 1, PL 111 , S/S WELLINGTON STREET, AS IN N570307, T/W & S/T N570307 ; OTTAWA/NEPEAN
Occupancy Tenant
Possession Date Flexible
Taxes (2024) $95,221
Directions/Cross Streets From the Queensway, exit at Parkdale Road and head north. Turn right at Wellington Street W. and drive for 0.5 kilometer.
Neighbourhood 4203 - Hintonburg
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 143 x 0 ft
Lot Irregularities 1
Retail Area 10,186 ft2
Total Area 10,186 ft2
Parking Spaces 17
Gross Income/Sales $586,658
Net Income Before Debt $357,694
Year Expenses $2,023
Expenses Actual/Estimated Est
Zoning TM11
Seller Property Info Statement N

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