$1,199,900

For sale

1079 WELLINGTON Street West, Ottawa - Retail for Sale

1079 WELLINGTON Street West, Ottawa, Ontario, K1Y2Y2

4 parking28 × 80 ft (2,229 sq ft) lot sizeListed 57 days ago

Overview

This retail property in Ottawa is for sale. It has been on the market 57 days, fresher than the Ottawa average of 62 days.

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Description

Unlock the potential of one of Ottawa's most vibrant neighborhoods. This versatile commercial property offers a rare "blank canvas" opportunity for investors and entrepreneurs looking to plant roots in a high-traffic, thriving community. The building includes the main commercial level plus two vacant 1-bedroom apartments, providing an immediate opportunity for secondary rental income or a live-work setup. Peace of mind comes standard with electrical and plumbing systems redone in 2013. The main commercial space is currently vacant and ready for a custom fit-up tailored to your specific brand or business needs. Rare Urban Parking: Includes dedicated parking for 4 cars at the rear (accessible via 109 Pinhey Street), a premium commodity in this dense urban core. Situated in close proximity to Bayview Station and Lebreton Flats, this property is perfectly placed to benefit from the massive revitalization of the area-most notably as the future home of the Ottawa Senators. This is a turnkey opportunity for an owner-user or a savvy developer to acquire a footprint in a neighborhood that continues to outperform the market. Whether you're looking to launch a flagship retail store, a professional studio, or a gourmet cafe, 1079 Wellington St W is where your business meets its future. (id:66096)

Property Details

MLS®: X13762794
Property Type: Retail
Zoning: TM11
Parking: 4
Lot Size: 28 × 80 ft (2,229 sq ft)
Frontage: 27 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $13,924.44/yr
Listed: 57 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Ottawa listings, avg age

62d

List price

$1.20M

Haho

This retail in Ottawa has been listed for 57 days, which is 5 days fresher than the city average of 62. Act while there is still low competition.

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Listed by EXP REALTY · Steve Gabellini

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1Y)

This home lists at $1,199,900, about 12.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $234,382 (20% down, 25-yr amortization, stress-tested) — roughly 137% above the area median.

Median household income: $99,000
Population: 20,712
Median age: 40
Owner / renter: 51% / 49%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA K1Y)

$1,199,900

For sale

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Financing

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