ON > West Centre Town
West Centre Town, ON K1Y 2Y6,1123-1131 WELLINGTON ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 3,649,000
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Price Dropped by $50K

1123-1131 WELLINGTON ST West Centre Town, ON K1Y 2Y6

UPDATED:

11/21/2024 05:33 AM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9465487

Annual Tax Amount $32,542

Tax Year 2023

Property Description

This Historic Building was built between 1912 and 1913 and is referred to as the Iona Mansions historically and locally referred to as The Angel Building. This very well maintained property is a 3 story walk up with 11 residential units, 4 bachelors and 7 one bedroom units which are all occupied. There is coin operated laundry for the residential tenants.
There are also 4 fully leased retail units on the main floor. All retail leases are at least 5 years duration.
There have been many upgrades to the property since the current owner purchased the building in 2003 including all new windows, updated electrical and heating system (steam boiler), fire escape, and plumbing stacks. This is a great investment opportunity.
Please ensure to provide 24 hour notice for all showings and 24 hour Irrevocable for all offers as per form 244.

Location

Province ON

County Ottawa

Area 4202 - Hintonburg

Rooms

Family Room No

Basement Other, Unfinished

Interior

Cooling Unknown

Heat Source Gas

Exterior

Pool None

Utilities Available Unknown

Roof Type Asphalt Shingle,Tar and Gravel

Building

Story 3

Foundation Concrete

Others

Security Features Unknown

Pets Description Unknown

Listed by RE/MAX HALLMARK REALTY GROUP
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1123-1131 WELLINGTON ST