1008 WELLINGTON STREET W
Ottawa, Ontario
MLS® X13720264
$5,950,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13720264
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 44Listing description
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.
Property summary
- MLS® number
- X13720264
- Property type
- Retail
- Size
- 10,186 sq ft
- Land size
- 143 FT ; 1
- Annual property taxes
- $98,135.64
- Parking
- 17 spaces
- Days on market
- 32 days
Features & details
- Heating
- Not known
- Cooling
- Unknown
What would this home cost you?
Based on the $5,950,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ACERTA REALTY INC., OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.