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    For Sale - 1008 WELLINGTON Street, West Centre Town, Ontario

    Est payment $28,571/mo
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    Views   1
    Time on Jump  30 day

    AI Summary *

    • Rare investment opportunity in Ottawa's Hintonburg neighborhood.
    • Mixed-use property with 6 commercial units and 11 residential units.
    • Generates solid net operating income with potential for growth.
    • Prime location with easy access to public transit and major roads.
    • Zoned for diverse uses, suitable for future residential development.




    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. With over 140 feet of prime frontage, this property is covering approximately 20,039 sq. Ft. The property generates a gross income of $648,245, with operating expenses of $255,489, producing a net operating income of $392,756. 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.
    Listing IDX13720264
    Address1008 WELLINGTON Street
    CityWest Centre Town, Ontario
    Price$5,950,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling UnknownSewer Unknown

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    Listing Agency:  ACERTA REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1008 Wellington Street
    West Centre Town , Ontario
    $5,950,000
    Get more info