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Home ON Ottawa - Gatineau Ottawa Hintonburg - Mechanicsville
1008 WELLINGTON STREET W
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1008 WELLINGTON STREET W $6,995,000
$6,995,000
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1008 WELLINGTON STREET W
Ottawa, Ontario K1Y2X9

MLS® Number: 1405240

Listing 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, 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. (28650525)

Property Summary

Property Type
Retail
Neighbourhood Name
Hintonburg
Title
Freehold
Land Size
0.45 ac
Built in
1940
Annual Property Taxes
$95,221
Total Parking Spaces
17
Time on REALTOR.ca
106 days

Building

Parking
Total Parking Spaces
17

Land

Lot Features
Frontage
143 ft
Other Property Information
Zoning Description
TM11
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
Konsuella Roberts