Crystal Charbonneau
Office: 613-596-5353

Property Details

1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y2X9

1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y2X9 (ID X9516527)
Representative
Crystal Charbonneau portrait
Crystal Charbonneau
Sales Representative
RE/MAX Hallmark Realty Group, Brokerage - Prescott
Cell: 613-401-4482
Tel: 613-596-5353
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$6,995,000 - For sale

ID#:X9516527

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.\r\n \r\nThe 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. (id:2471)

Location DescriptionFrom the Queensway, exit at Parkdale Road and head north. Turn right at Wellington Street W. and drive for 0.5 kilometer.

Property Details
  • Property Address:1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y2X9
  • Property Type:Retail
  • Community Name:4203 - Hintonburg
  • Lot Size:Unit=143 FT ; 1|under 1/2 acre
  • Parking Space Total:17
Structure Details for 1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y2X9
Representative
Crystal Charbonneau portrait
Crystal Charbonneau
Sales Representative
RE/MAX Hallmark Realty Group, Brokerage - Prescott
Cell: 613-401-4482
Tel: 613-596-5353
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1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y2X9

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