1008 Wellington Street W, Ottawa, photo 1 1 / 24

$5,950,000

1008 Wellington Street W

Hintonburg, Ottawa, ON K1Y2X9 · MLS® X13720264

  • 10,186 square feetLiving area
  • 17Parking

About this property

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:65933)

Type
Retail
Category
Retail
Annual taxes
$98,136
Updated
Aug 27, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Acerta Realty Inc..

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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