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
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
RE/MAX HALLMARK REALTY GROUP
Data Source:
Canadian Real Estate Association
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 AVAIL - Seller financing avail w/FPO. Keep as an 8 unit and develop later using the CASH FLOW for the Development costs!!!! (id:7434)

General Features

More Information Link https://www.realtor.ca/real-estate/22848604/338-olmstead-street-ottawa-vanier-south
Neighbourhood Vanier South
Property Type Multi-family
Zoning Description Residential

Interior Features

Building Fireplace Present False
Building Heating Fuel Natural gas, Electric
Building Heating Type Baseboard heaters, Forced air

Exterior Features

Exterior Finish Siding, Stucco
Parking Space Total 3
Sewer Municipal sewage system

Amenities

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

Property vs Multi-Family Average in K1L 7K3

Price
AVG $800K
$800K
Visits
AVG 489
44
Walkscore
AVG 77
77
Data Provided by Walkscore ® not using MLS data