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.
Overview
Property ID:
X9516527
Type:
Commercial Retail
Square:
10,186 m²
Price:
$6,995,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Unknown
Heating:
Unknown
ParkingFeatures:
Unknown
YearBuilt:
Unknown
TaxAnnualAmount:
95221
PossessionDetails:
Flexible
Map
-
AddressWest Centre Town
Contact Agency
Write A Review
0 Reviews
0 out of 5
Featured properties
The Most Recent Estate
Selling
Commercial Retail
2 hours ago
$5,500,000
Toronto C04, Lawrence Park North
Selling
Commercial Retail
2 hours ago
$2,999,000
Toronto C08, Cabbagetown-South St. James Town
Selling
Commercial Retail
2 hours ago
$1,800,000
Toronto C01, Waterfront Communities C1
Selling
West Centre Town, 4203 - Hintonburg
$6,995,000
- 0
- 0
- 10,186 m²