Address
40 Jolliet Avenue, Ottawa, ON
Price
$ 999,000

Your Agent

Sarah Lystiuk

Sales Representative

613-837-0000


Listing provided by Sarah Lystiuk, Sales Representative, REMAX Boardwalk

Property Attributes
  • ID#X13655466
  • TypeCommercial
  • Listing Status Active
  • MunicipalityOttawa
  • CityOttawa
  • Area3402 - Vanier
  • Neighbourhood3402 - Vanier
  • Postal CodeK1L 5H5
  • Style
  • Price$ 999,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4000
Data Source:
Canadian Real Estate Association (CREA)
Property 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. (id:7434)

General Features

Property Type Retail
Zoning Description R4E, R4E-c
CommunityName 3402 - Vanier
Building Cooling Type Fully air conditioned
Location Description Beechwood Ave. & Jolliet Ave.
Parking Space Total 7

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Natural gas
Living Area Range 4000

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in K1L 5H5

Price
AVG $1,000K
$1,000K

Your Agent

Sarah Lystiuk

Sales Representative

613-837-0000


Listing provided by Sarah Lystiuk, Sales Representative, REMAX Boardwalk

Listed By
REMAX BOARDWALK REALTY