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Investment Highlights

  • Strong local traffic and excellent visibility
  • Convenient location close to shopping, schools, amenities, and public transit

Executive Summary

Fantastic mixed-use investment opportunity featuring a well-established convenience store with a residential apartment above. The ground floor retail store is rented for $4500 per month (2 + 5 years lease to go), and the large 4-bedroom apartment upstairs is rented for $2500 per month. The upstairs tenant pays 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.

Property Facts

Price $1,200,000 CAD
Price Per Unit $1,200,000 CAD
Sale Type Investment
Cap Rate 5.98%
No. Units 1
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 4,832 SF
No. Stories 2
Year Built 1920
Parking Ratio 2.33/1,000 SF
Zoning R4

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - -
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
  • Listing ID: 41123493

  • Date on Market: 2026-07-01

  • Last Updated:

  • Address: 40 Jolliet Ave, Ottawa, ON K1L 5H5

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