1008 Wellington Street W, Ottawa, Ontario

About 1008 Wellington Street W

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:6289)

More Info on this 4203 - Hintonburg MLS® listing

1008 Wellington Street W is a listing for sale in Ottawa. The MLS® number is X13720264. It covers 10,186 square feet. It's currently listed for $5,950,000. For more details on MLS® X13720264, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in 4203 - Hintonburg is available now!

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