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$ 5,950,000
Est. payment /mo
Active
1008 WELLINGTON ST W West Centre Town, ON K1Y 2X9
10,186 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,186 sqft
Price per Sqft $584
Subdivision 4203 - Hintonburg
MLS Listing ID X13720264
Annual Tax Amount $98,135
Tax Year 2026
Property Sub-Type Commercial Retail
Property 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.
Location
State ON
County Ottawa
Area Ottawa
Interior
Cooling Unknown
Exterior
Utilities Available Unknown
Lot Frontage 143.0
Others
Security Features Unknown
ParcelsYN No
Listed by ACERTA REALTY INC.