1123-31 WELLINGTON Street, West Centre Town | Image 1

1123-31 WELLINGTON Street

West Centre Town, 4202 - Hintonburg

  • Commercial

$3,400,000
For Sale

Added 1 year ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: TM11, UNASSIGNED

  • Age: No Data

  • Taxes: 32542

  • MLS®#: X9465487

  • Days on Site: 428 Days

  • Added: Oct 17, 2023 (1 year ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX HALLMARK REALTY GROUP

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. (1123-1131 Wellington Street)

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 182327

  • Area: West Centre Town

  • Community: 4202 - Hintonburg

  • Availability Date: TBA

Building

  • Heat Type: Other

  • Freestanding: Y

  • Water Supply: Municipal

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN 83 PT LOTS 42 & 43 IRREG WELLINGTON N443757; Ottawa/ Nepean

  • Taxes: $32,542

  • Expenses: Est

  • Insurance Fee: 10267

  • Tax Year: 2023

  • Water Fees: 5701

Land

  • Cross Street: CORNER OF WELLINGTON

  • Municipality District: West Centre Town

  • Parcel Number: 040950044

  • Sewer: Sanitary

  • Lot Depth: 85 Feet

  • Lot Frontage: 60 Feet

  • Lot Irregularities: 1

  • Zoning: TM11, UNASSIGNED

Commercial Specific

  • Total Area Metric: Sq Ft

  • Gross Income/Sales: 264350

Map of 1123-31 WELLINGTON Street, West Centre Town
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