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338 Olmstead Street, Ottawa, Ontario, K1L 7K3

MLS® # 1227196

For sale in ottawa, Ontario
$799,000
  • 338 Olmstead Street, Ottawa, Ontario K1L 7K3 - Photo 1 - 1227196
Baseboard Heaters, Forced Air

PERFECT for a long-term investor and someone who wants to build in 10 years - ASK MOE about the plan! FIRE RETROFIT and fire prevention system installed - Priced to sell! LOCATION! 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 and kitchen. Fully rented to long-term tenants. The owner has operated this for over 30 years. Looking to possibly 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! (Viewing times vary). 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:37464)

Property Details

MLS® Number 1227196
Property Type Multi-family
Neigbourhood Vanier South
Parking Space Total 3

Building

Exterior Finish Siding, Stucco
Fireplace Present No
Heating Fuel Natural Gas, Electric
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Utility Water Municipal Water

Land

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

https://www.realtor.ca/real-estate/22848604/338-olmstead-street-ottawa-vanier-south

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