Address
338 OLMSTEAD STREET Ottawa, ON
Price
$ 799,000
Property Attributes
  • ID#1227196
  • TypeMulti-Family
  • CityOttawa
  • NeighbourhoodVanier South
  • Postal CodeK1L 7K3
  • Style
  • Price$ 799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Moe McIlwain with Re/Max Hallmark Realty Group
Data Source:
RLP - CREA EN
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:27)

General Features

Garage no
Listing Type Investment
More Information Link https://www.realtor.ca/real-estate/22848604/338-olmstead-street-ottawa-vanier-south
Neighbourhood Vanier South
Parking yes
Parking Spaces 3
Property Type Multi-family
Sewer Municipal sewage system
Terms SALE
Wheel Chair Access no
Zoning Residential

Interior Features

Fireplace no
Heating Fuel Natural gas, Electric
Heating Type Baseboard heaters, Forced air

Exterior Features

Exterior Finish Siding, Stucco
Lot Frontage 50.0
Lot Size 50 ft X 70 ft
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in K1L 7K3

Price
AVG $800K
$800K
Visits
AVG 123
224
Walkscore
AVG 77
77
Data Provided by Walkscore ® not using MLS data