40 JOLLIET AVENUE
Ottawa, Ontario
MLS® X13655466
$999,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13655466
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 19Listing description
FANTASTIC OPPORTUNITY! Great for owner operator. Half a block from Beechwood and walking distance to Domicile's condo building.
Fantastic mixed-use investment opportunity featuring a well-established convenience store with a residential apartment above. Ground floor 2000 sqft retail store rented for $4500 per month (2 + 5 years lease to go). Large 4 bedroom apartment upstairs rented for $2500 per month.
Annual gross income of $84,000. The current expenses: Heat is $250, Water is $150, Insurance is $850. The net operating income is $ 71,700.
The upstairs tenant pay their own hydro and hot water. The bright, spacious retail space is fully operational and benefits from strong local traffic, excellent visibility, and a convenient location close to shopping, schools, amenities, and public transit. Multiple income streams and long-term growth potential make this an ideal opportunity for investors or owner-operators.
A turnkey property in a high-demand location with plenty of upside. Land assembly is also possible. Possibility of redevelopment converted into a large multi unit building with the sale of 40 & 46 Jolliet combined.
Area is 3,982. 64 ft (0. 091 ac).
Redevelopment options subject to city of Ottawa approvals and zoning bylaws.
Property summary
- MLS® number
- X13655466
- Property type
- Retail
- Size
- 4,000 sq ft
- Land size
- 40 x 100 FT
- Annual property taxes
- $6,912.23
- Parking
- 7 spaces
- Days on market
- 51 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $999,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REMAX BOARDWALK REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.