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338 Olmstead Street

Beds 0
Baths 0
MLS® Number 1228735
$799,000
City Ottawa
Neighbourhood Vanier South
Province Ontario
Postal Code K1L7K3
Property Style
Ownership Type Freehold
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Listing Courtesy Of Re/max Hallmark Realty Group

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:30499)

Interior

Cooling No
Square Feet 0.00 Square Feet

Exterior

Attached Garage No
Carport No
Garage No
Frontage 50 FT
Lot Size 0.08/acres
Water Front No
Sewer Municipal sewage system
Pool No
Open Parking No
Parking Spaces 0

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Moe McIlwain

RE/MAX Hallmark Realty Group

RE/MAX Hallmark Realty Group Brokerage, Independently Owned & Operated
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