338 Olmstead Street, Ottawa, Ontario K1L7K3

$799,000
List Price
$799,000
MLS®
1227196
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Vanier South

Property Description

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:2579)

Additional Information

Ownership
Freehold
Heating Fuel
Natural gas, Electric
Subdivision
Vanier South
Parking Spaces
3
Levels
2
Country
Canada
Sewer
Municipal sewage system
Frontage Length
50 ft
Heating
Baseboard heaters, Forced air
Total Number Of Units
8
Stories
2

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

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