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    For Sale - 40 JOLLIET Avenue, Vanier and Kingsview Park, Ontario

    Est payment $5,762/mo
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    Views   3
    Time on Jump  14 day

    AI Summary *

    • Mixed-use investment with a retail store and residential apartment for income.
    • Ground floor retail space generates $4500/month with a long lease.
    • Spacious 4-bedroom apartment above brings in $2500/month in rent.
    • Great location with strong local traffic and visibility near amenities.
    • Potential for redevelopment and increased value with land assembly opportunities.




    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.
    Listing IDX13448184
    Address40 JOLLIET Avenue
    CityVanier and Kingsview Park, Ontario
    Price$1,200,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Forced Air Open

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    Listing Agency:  REMAX BOARDWALK REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    40 Jolliet Avenue
    Vanier and Kingsview Park , Ontario
    $1,200,000
    Get more info