30
$6,995,000 Sale
Listed 431 days ago
1008 WELLINGTON STREET W
· 0
· 0.0
· 17
· 10186
Key Facts
Key facts for 1008 WELLINGTON STREET W
Property Type
Commercial
Parking
Garage: No, 17 parking
MLS #
X9516527
Size
10186 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
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, all fully occupied. With over 140 feet of prime frontage, this proper...ty 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:10452)
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Listing courtesy of: ACERTA REALTY INC.
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