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 property is the largest site between Parkdale and Somerset Street West, covering approximately 20,039 sq. ft.
The 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.
Address
1008 Wellington Street W
List Price
$6,995,000
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
sale
Area
West Centre Town
Sub-Area
4203 - Hintonburg
Region
Ottawa
Lot Type
Unknown
Lot Irregularities
1
Lot Size Units
Feet
Lot Width
143
Frontage Length
43.59
MLS® Number
X9516527
Listing Brokerage
ACERTA REALTY INC.
| SOLID ROCK REALTY
Postal Code
K1Y 2X9
Tax Amount
$95,221.00
Tax Year
2024
Pets
Unknown
Heat Type
Unknown
Cooling Features
Unknown
Garage Type
Unknown
Roof
Unknown
Security Features
Unknown
Sewer
Unknown