DAVID OIKLE

BROKER

1008 WELLINGTON STREET W
Ottawa, Ontario K1Y2X9

$6,995,000

ID# X9516527
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.\r\n \r\nThe 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. (id:25961)

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Courtesy of ACERTA REALTY INC.
Listed on: July 31, 2024

On market: 228 days

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Address Price Bed Bath SqFt Area Sub Area Brokerage
831 CONTOUR STREET Ottawa
831 CONTOUR STREET
 $829,900 4 4 36.02 x 99.84 FT Ottawa CENTURY 21 ACTION POWER TEAM LTD.
82 EMPRESS AVENUE Ottawa
82 EMPRESS AVENUE
 $949,900 3 3 27.4 x 34.94 FT ; 0 Ottawa ROYAL LEPAGE TEAM REALTY
912 ST LAURENT BOULEVARD BOULEVARD S Ottawa
912 ST LAURENT BOULEVARD BOULEVARD S
 $1,350,000 - - Bldg=75 x 93 FT Ottawa COLDWELL BANKER SARAZEN REALTY
405 COPE DRIVE W Ottawa
405 COPE DRIVE W
 $715,000 3 3 20 x 106.7 FT Ottawa ONE PERCENT REALTY LTD.
241 MADHU CRESCENT Ottawa
241 MADHU CRESCENT
 $1,749,000 5 5 34.2 x 104.2 FT ; Irregular Ottawa COLDWELL BANKER RHODES & COMPANY
110 WESTPHALIAN AVENUE Ottawa
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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