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. (id:13843)
| MLS # | X13720264 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 75 |
| Listing Provided By | ACERTA REALTY INC. | Konsuella Roberts |
| SQ Feet | 10,186 |
|---|---|
| Zoning | TM11 |
| Cooling | Unknown |
|---|---|
| Heating | Not known |
| Fireplace Yes / No | No |
| Parking Total | 17 |
|---|
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 98135.64 |
|---|
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1Y2X9 |
| Listing VS Median (in K1Y2X9) | |
Price: $5,950,000 low | high Med: $3,174,750 sqft: 10,186 low | high Med: 5,393 $ / sqft: $584 low | high Med: $625 On site: 75 low | high Med: 68.5 | |
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1Y2X9 |
| Listing VS Median (in K1Y2X9) | |
Price: $5,950,000 low | high Med: $3,174,750 sqft: 10,186 low | high Med: 5,393 $ / sqft: $584 low | high Med: $625 On site: 75 low | high Med: 68.5 | |