338 Olmstead Street, Ottawa

$799,000

0 Bed
0 Bath
50 ft X 70 ft
0 Garage

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 AVAIL - Seller financing avail w/FPO. Keep as an 8 unit and develop later using the CASH FLOW for the Development costs!!!! (id:6289)

Essential Information
Listing #1227196
Price$799,000
Bathrooms0.00
TypeMulti-family
Sub-TypeFreehold
Community Information
Address338 Olmstead Street
SubdivisionVanier South
CityOttawa
StateOntario
Zip CodeK1L7K3
Amenities
Parking Spaces3
Interior
# of Stories2
Heating

Natural gas, Electric Baseboard heaters, Forced air

Exterior
ExteriorSiding, Stucco
Lot Description50 ft X 70 ft
Listing Details
OfficeRE/MAX HALLMARK REALTY GROUP
LISTING MAP

Get directions to this property: