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1008 WELLINGTON STREET W
4203 - Hintonburg Ottawa K1Y 2X9

$6,995,000
Retail

Main Photo: Retail, in Ottawa, 4203 - Hintonburg -- 1008 WELLINGTON STREET W
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Status:
Active
Prop. Type:
Retail
MLS® Num:
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:2493)
Property Type:
Retail
Total Living Area:
10,186 sq. ft.
Transaction Type:
For sale
Zoning:
TM11
Ownership Type:
Freehold
Taxes:
$95,221 / -
Community:
4203 - Hintonburg
Age:
84 years
Fireplace:
No
Lot Frontage:
143'
Acreage:
No
Lot Size:
0.45 ac
Lot Details:
Unit=143 FT ; 1
Total Parking Spaces:
17
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Listed by ACERTA REALTY INC. and SOLID ROCK REALTY
Data was last updated February 19, 2025 at 06:45 AM (UTC)
CHARLES KHOURI
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.