$1,200,000
Available - For Sale
Listing ID: X13448184
40 JOLLIET Avenue , Vanier and Kingsview Park, K1L 5H5, Ottawa
| 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. |
| Price | $1,200,000 |
| Taxes: | $6912.23 |
| Tax Type: | N/A |
| Occupancy: | Owner |
| Address: | 40 JOLLIET Avenue , Vanier and Kingsview Park, K1L 5H5, Ottawa |
| Postal Code: | K1L 5H5 |
| Province/State: | Ottawa |
| Legal Description: | PCL 237-1, SEC 4M-25 ; LT 237, PL 4M-25 |
| Lot Size: | 12.19 x 100.00 (Feet) |
| Directions/Cross Streets: | Beechwood Ave. & Jolliet Ave. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 4000.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2000 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| REMAX BOARDWALK REALTY |
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Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3402 - Vanier |
| Lot Size: | 12.19 x 100.00(Feet) |
| Tax: | $6,912.23 |
| Fireplace: | N |
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