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40 Jolliet Ave 1 Unit Apartment Building $1,200,000 CAD ($1,200,000 CAD/Unit) 5.98% Cap Rate Ottawa, ON K1L 5H5


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 | Apartment Style | Low-Rise |
| Price Per Unit | $1,200,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.98% | Building Size | 4,832 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Zoning | R4 | ||
| 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 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
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40 Jolliet Ave
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