105 Jolliet Avenue, Ottawa - Multi-family for Sale

Description

Welcome to 105 Jolliet Avenue, a renovated income property ideally situated just steps from the shops, cafés, and restaurants of Beechwood Village! Located in one of Ottawa's most desirable urban neighbourhoods, this legal duplex with an additional non-permitted third unit offers investors an attractive combination of rental income, flexibility, and long-term potential. The property features three updated living spaces, each offering bright interiors, functional layouts, modern kitchens, and stylish finishes throughout. A desirable corner lot and on-site parking further add to the property's appeal! The upper unit is rented for $1,900 per month, all-inclusive, tenants currently on a month to month lease. The lower unit is rented for $1,300 per month plus hydro expiring on March 31st, 2027, while the main floor unit is rented for $2,000 per month, all-inclusive, with a tenancy expiring August 31st, 2027. Together, the three units generate approximately $62,400 in annual gross rental income at the stated rents. Monthly operating expenses include approximately $200 for hydro, $200 for water, $150 for gas, $143.53 for the Reliance rental furnace, air conditioner, and hot water tank, and $250 for insurance. Whether you're looking to expand your investment portfolio or explore the potential to occupy one unit while generating rental income from the others, 105 Jolliet Avenue presents an excellent opportunity to invest in a well-established neighbourhood surrounded by ongoing infill and redevelopment. Enjoy the convenience of Beechwood Village, with restaurants, cafés, shops, parks, and everyday amenities just moments from your doorstep! (id:66096)

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