MLS#: X13720264Listed: about 2 hours agoUpdated:about 2 hours ago
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. (id:58075)
Details
Details for 1008 Wellington Street, Ottawa, Ontario
Property Type
Retail
Building Type
-
Storeys
-
Neighborhood
4203 - Hintonburg
Land Size
143 FT ; 1
Year Built
-
Annual Property Taxes
$98,136
Parking Type
-
Inside
Appliances
-
Rooms
-
Bedrooms
-
Bathrooms
0
Fireplace
-
Fireplace Total
-
Basement
-
Building
Architecture Style
-
Direction
From the Queensway, exit at Parkdale Road and head north. Turn right at Wellington Street W. and drive for 0.5 kilometer.