Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

1008 Wellington Street W Ottawa, Ontario K1Y 2X9

10,186 sqft
Unknown Not Known

$5,950,000

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. With over 140 feet of prime frontage, this property is covering approximately 20,039 sq. ft. The property generates a gross income of $648,245, with operating expenses of $255,489, producing a net operating income of $392,756. 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:67947)

Property Details

MLS® Number X13720264
Property Type Retail
Neigbourhood Hintonburg
Community Name 4203 - Hintonburg
Equipment Type Water Heater
Parking Space Total 17
Rental Equipment Type Water Heater

Building

Cooling Type Unknown
Heating Type Not Known
Size Interior 10,186 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Frontage 143 Ft
Size Irregular 143 Ft ; 1
Size Total Text 143 Ft ; 1
Zoning Description Tm11

https://www.realtor.ca/real-estate/30206643/1008-wellington-street-w-ottawa-4203-hintonburg

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Konsuella Roberts, Acerta Realty Inc. · Jamie Katz, Solid Rock Realty

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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.