$6,995,000
( )
 $37,551 est/mo Sourced by Back At You

1008 Wellington St W , West Centre Town, ON K1Y 2X9

West Centre Town, ON K1Y 2X9

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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.

Details

MLS#X9516527
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site10
Listing Provided ByACERTA REALTY INC. | Not Provided

Features

ZoningTM11
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Learn More About This Property

ProvinceON
CountyWest Centre Town
CityWest Centre Town
Postal CodeK1Y 2X9
AreaOttawa
Community Name4203 Hintonburg
Listing VS Median (in 4203 Hintonburg)
Price:
$6,995,000
low | high
Med:
$0
On Site:
10
low | high
Med:
Sourced by Back At You
Listing Updated: November 6, 2024 at 4:12:56 PM PST