Commercial/retail For Sale - 1008 WELLINGTON St, West Centre Town, Ont

location_on 1008 WELLINGTON St, West Centre Town

Commercial/retail

1008 WELLINGTON St

West Centre Town, Ontario K1Y 2X9

$6,995,000

For Sale

Property Information

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.

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : X9516527
Price : $6,995,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 112
Address
Postal Code : K1Y 2X9
City : West Centre Town
Street : WELLINGTON
Street Number : 1008
Street Suffix : St
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Features
Parking : 17
Brokerage
Office Name : ACERTA REALTY INC.
Extra Information
address/street_dir_suffix : W
Area : Ottawa
living_area : 0
living_area_unit : Sqft
Community : 4203 - Hintonburg
Lease : Sale
Street Direction : W
Tax Year : 2024

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1008 WELLINGTON St West Centre Town, Ontario K1Y 2X9