40 JOLLIET Avenue
40 JOLLIET Avenue
$999,000
$250/sq ft · 1 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $4,353 |
| Property Tax (MLS) | $576 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $4,929 |
Down payment: $199,800 (20.0%) · Mortgage: $799,200
Property tax uses MLS annual tax of $6,912/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by REMAX BOARDWALK REALTY
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Data last updated: August 23, 2026 at 06:25 a.m.