



$5,950,000
Ottawa
1008 WELLINGTON Street West, Ottawa, Ontario, K1Y2X9
This retail property in Ottawa is for sale offering roughly 10,186 sq ft of space.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 69 days on market, against an average age of 63 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $5,950,000, about 60.1× the local median household income of $99,000.
Carrying it typically needs a household income of about $1,162,243 (20% down, 25-yr amortization, stress-tested) — roughly 1074% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1Y)
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