LOADING

338 Olmstead Street Ottawa, Ontario K1L 7K3

$799,000

Keep as an 8 unit and develop later using the CASH FLOW for the Development costs!!!! 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 (id:43748)

Property Details

MLS® Number 1228735
Property Type Vacant Land
Neigbourhood Vanier South

Building

Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 70 Ft
Size Frontage 50 Ft
Size Irregular 0.08
Size Total 0.08 Ac
Size Total Text 0.08 Ac
Zoning Description Residential

https://www.realtor.ca/real-estate/22891240/338-olmstead-street-ottawa-vanier-south