FANTASTIC OPPORTUNITY ! Great for owner operator.
| Website: | https://www.nestseekers.com/5570343 |
|---|---|
| Address: | Vanier and Kingsview Park K1L 5H5 Canada |
| Ownership: | For Sale |
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| Type: | Unknown |
Financials
Price:C1,200,000
($849,600)
(€740,700)
Annual Taxes:C6,912.23
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.
Angelo Ferlisi 9 Queen Street Unit 7, Cookstown, Ontario |