40 Jolliet Avenue,Vanier and Kingsview Park, ON K1L 5H5
Vanier and Kingsview Park, ON K1L 5H5
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.
Details
| MLS # | X13655466 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 26 |
| Listing Provided By | REMAX BOARDWALK REALTY | X13655466 501504 |
Features
| SQ Feet | 4,000 |
|---|---|
| Acreage | 0.09 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 6912.23 |
|---|---|
| Tax Type | N/A |
| Tax Legal Description | PCL 237-1, SEC 4M-25 ; LT 237, PL 4M-25 ; VANIER/GLOUCESTER |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1L 5H5 |
| Area | 3402 Vanier |
| Listing VS Median (in K1L 5H5) | |
Price: $999,000 low | high Med: $999,000 sqft: 4,000 low | high Med: 4,000 $ / sqft: $250 low | high Med: $250 On site: 26 low | high Med: 26 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1L 5H5 |
| Area | 3402 Vanier |
| Listing VS Median (in K1L 5H5) | |
Price: $999,000 low | high Med: $999,000 sqft: 4,000 low | high Med: 4,000 $ / sqft: $250 low | high Med: $250 On site: 26 low | high Med: 26 | |
