338 Olmstead Street Ottawa, Ontario K1L 7K3
$799,000
PERFECT for a long-term investor and someone who wants to build in 10 years - ZONING CODE is R4UA-c !!! FIRE RETROFIT and fire prevention system installed. Across the street from a school and a short walk to two grocery stores, public transit, and parks. INVESTMENT OPPORTUNITY... This is an 8-UNIT (3 units confirming and 5 non-confirming) APARTMENT Building. All units are self-contained with their own bathroom (8 total) and kitchen (8 total). Current owner for 30 years. Looking to retire. There are 2-2bedrms, 1-1bedrm, 5 bachelors with a Net Operating Income of $54,784.00/yr (not incl Maintenance and Mgmt). LOTS to offer here at an UNBEATABLE Return on Investment! Seller is looking for buyers with 30% downpayment+, CASH BUYERS preferred. ***Please drive by/walk the outside BEFORE booking a viewing to the inside; to respect and not disturb the tenants.*** RENT ROLL AVAILABLE - no seller financing. Keep as an 8 unit and develop later using the CASH FLOW for the Development costs!!!! (id:44654)
Property Details
| MLS® Number | 1227196 |
| Property Type | Multi-family |
| Neigbourhood | Vanier South |
| Parking Space Total | 3 |
Building
| Exterior Finish | Siding, Stucco |
| Heating Fuel | Natural Gas, Electric |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 70 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 Ft X 70 Ft |
| Size Total Text | 50 Ft X 70 Ft |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/22848604/338-olmstead-street-ottawa-vanier-south
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
March 23 2021 09:11:53
