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1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y 2X9

MLS® # 1405240
Commercial For Sale In Hintonburg - Mechanicsville, Ottawa, Ontario
$6,995,000
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
1008 Wellington Street W, Ottawa, ON
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ACTIVE
1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y 2X9
$6,995,000

Property Information:

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. The 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:27)

Property Features:

  • OwnershipType: Freehold
  • Property Type: Retail
  • Built in: 1940
  • Lot Frontage: 143.0 Feet
  • Zoning: TM11
  • No. of Parking Spaces: 17

Courtesy of: ACERTA REALTY INC., SOLID ROCK REALTY

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y 2X9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 1008 WELLINGTON STREET W , experiences 7 hot days per year at around 31.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.3℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 1008 WELLINGTON STREET W , experiences 11 significant 2-day storms per year, with about 317.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 405.4mm of precipitation per year.

Precipitation Per Storm

Past
317.1mm
2050
405.4mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1008 WELLINGTON STREET W, Ottawa, Ontario, K1Y 2X9

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$146,431.89

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.74 %

High school certificate or equivalent

16.94 %

Apprenticeship trade certificate/diploma

3.58 %

College/non-university certificate

13.9 %

University certificate (below bachelor)

2.4 %

University Degree

53.43 %

Commuter

Travel To Work

By Car

53.73 %

By Public Transit

18.86 %

By Walking

18.88 %

By Bicycle

4.56 %

By Other Methods

3.98 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.34 %

Houses

33.66 %

Own Vs. Rent

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