1008 WELLINGTON Street West, West Centre Town | Image 1

1008 WELLINGTON Street West

West Centre Town, 4203 - Hintonburg

  • Commercial

$6,995,000
For Sale

Added 3 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: TM11

  • Age: No Data

  • Taxes: 95221

  • MLS®#: X9516527

  • Days on Site: 109 Days

  • Added: Jul 31, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ACERTA REALTY INC.

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.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Net Income: 357694

  • Area: West Centre Town

  • Community: 4203 - Hintonburg

  • Availability Date: Flexible

Parking

  • Covered Parking Spaces: 17

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT C, BLK 1, PL 111 , LT D, BLK 1, PL 111 , LT E, BLK 1, PL 1

  • Taxes: $95,221

Land

  • Cross Street: From the Queensway,

  • Municipality District: West Centre Town

  • Parcel Number: 040990000

  • Lot Frontage: 143 Feet

  • Lot Irregularities: 1

  • Zoning: TM11

Commercial Specific

  • Retail Area: 10186

  • Total Area: 10186

  • Gross Income/Sales: 586658

Map of 1008 WELLINGTON Street West, West Centre Town
JK-6

École élémentaire publique Centre-Nord

Elementary: Public
0.90 km
JK-6

St Anthony Elementary School

Elementary: Catholic
1.18 km
JK-6

Devonshire Community Public School

Elementary: Public
0.36 km
JK-6

École élémentaire catholique Saint-François-d'Assise

Elementary: Catholic
0.27 km
JK-6

Connaught Public School

Elementary: Public
0.53 km
7-8

Fisher Park/Summit AS Public School

Elementary: Public
1.10 km
Pre-Grade 9-12

Centre Jules-Léger ÉP Surdité palier

Secondary: Provincial
2.48 km
9-12

Urban Aboriginal Alternate High School

Secondary: Public
1.88 km
9-12

Richard Pfaff Secondary Alternate Site

Secondary: Public
1.75 km
9-12

St Nicholas Adult High School

Secondary: Catholic
2.34 km
9-12

Adult High School

Secondary: Public
1.01 km
Pre-Grade 9-12

Glebe Collegiate Institute

Secondary: Public
2.07 km
644 BRONSON Avenue, Dows Lake - Civic Hospital and Area | MLS: X9520658
For Sale
1 month ago
$5,500,000
  • 0 bath
  • 0 bed

644 BRONSON Avenue, Dows Lake - Civic Hospital and Area, Ontario • K1S 4E9 • 4502 - West Centre Town