338 OLMSTEAD STREET, Ottawa, Ontario, K1L7K3
Property TypeMulti-family

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:35055)


Details
GarageNo CarportNo
Attached GarageNo Open ParkingNo
Parking Total3 WaterfrontNo
Frontage Length50 ft ViewNo
Building
CoolingNo HeatingBaseboard heaters,Forced air
Heating FuelNatural gas,Electric Levels2
Number Of Units Total8 PoolNo
SewerMunicipal sewage system Stories2

Listing Office: RE/MAX HALLMARK REALTY GROUP

Data Provided by Ottawa Real Estate Board

Last Modified :23/03/2021 04:11:53 PM

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