1008 WELLINGTON STREET W, Ottawa

$5,950,000

For sale: Other

Other at 1008 WELLINGTON STREET W, Ottawa
Property type
Commercial Retail
MLS®
MLS® X13720264
Neighbourhood
4203 - Hintonburg

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.

Sold data

Homes in Hintonburg — recent sold market

Homes in Hintonburg took a median of 15 days to sell over the last 365 days, with the quickest quarter selling within 7 days and the slowest quarter taking more than 36, across 67 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 31 days.

The median sale price was $699,900.

Homes sold for about 1.7% below asking on average, so there was room to negotiate.

About 18% of sales closed above the list price.

Around 9% of sellers reduced their price before finding a buyer.

Median days to sell
15
Median sale price
$699,900
Sale-to-list ratio
98.3%
Sold above asking
18%

Based on 67 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1008 WELLINGTON STREET W