$5,950,000
Available - For Sale
Listing ID: X13720264
1008 WELLINGTON Street West , West Centre Town, K1Y 2X9, 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. 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. |
| Price | $5,950,000 |
| Taxes: | $98135.64 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 1008 WELLINGTON Street West , West Centre Town, K1Y 2X9, Ottawa |
| Postal Code: | K1Y 2X9 |
| Province/State: | Ottawa |
| Legal Description: | PT LT C, BLK 1, PL 111 , LT D, BLK 1, PL |
| Directions/Cross Streets: | From the Queensway, exit at Parkdale Road and head north. Turn right at Wellington Street W. and dri |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 10186.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Sprinklers: | Unkn |
| Washrooms: | 0 |
| Heat Type: | Unknown |
| Central Air Conditioning: | Unknown |
| Sewers: | Unknown |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ACERTA REALTY INC. |
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|
Reza Peyvandi
Broker, ABR, SRS, RENE
Dir:
416-230-0202
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4203 - Hintonburg |
| Tax: | $98,135.64 |
| Fireplace: | N |
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