ON > West Centre Town
West Centre Town, ON K1Y 2X9,1008 WELLINGTON ST W
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West Centre Town, ON K1Y 2X9,1008 WELLINGTON ST W
West Centre Town, ON K1Y 2X9,1008 WELLINGTON ST W
West Centre Town, ON K1Y 2X9,1008 WELLINGTON ST W
West Centre Town, ON K1Y 2X9,1008 WELLINGTON ST W
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 6,995,000
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1008 WELLINGTON ST W West Centre Town, ON K1Y 2X9

10,186 SqFt

UPDATED:

11/20/2024 11:43 PM

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Pending

Purchase Type For Sale

Square Footage 10,186 sqft

Price per Sqft $686

MLS Listing ID X9516527

Annual Tax Amount $95,221

Tax Year 2024

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, 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.

Location

Province ON

County Ottawa

Area 4203 - Hintonburg

Rooms

Family Room No

Interior

Cooling Unknown

Exterior

Garage Spaces 17.0

Pool None

Utilities Available Unknown

Roof Type Unknown

Others

Security Features Unknown

Pets Description Unknown

Listed by ACERTA REALTY INC.
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1008 WELLINGTON ST W