Discover a rare investment opportunity in Ottawa's revitalized Hintonburg neighborhood.


Property

Website:https://www.nestseekers.com/5715093
Address:
West Centre Town K1Y 2X9
Canada
Ownership: For Sale
Type: Unknown

Financials

Price:C5,950,000
($4,289,600)
(€3,679,700)
Annual Taxes:C98,135.64

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. 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.

Amenities

  • Unknown

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario