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40 Jolliet Avenue, Ottawa, ON

Name: 40 Jolliet Avenue, For Sale in Ottawa - Zoocasa
Brand: REMAX BOARDWALK REALTY
SKU: X13448184
Price: 1200000 CAD

House

For Sale

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007

MLS® X13448184

Overview

Key Facts

Type

Levels Commercial Sale

Size 4000 sqft

Garage

Taxes $6,912

Days Active 0

Lot Size

Approx. Age

Avg. Price Per Sqft $300

MLS® Number X13448184

Property Address: 40 Jolliet Avenue, Ottawa, ON, K1L5H5

Average square foot calculated using Size range provided by listing agent.

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:58753)Show Description

MLS® NumberX13448184

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

HeatForced air, Natural gas

A/CFully air conditioned

Extras

Map

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