Address
338 OLMSTEAD STREET Ottawa, ON
Price
$ 799,000
Property Attributes
  • ML#1228735
  • TypeLand
  • CityOttawa
  • NeighbourhoodVanier South
  • Postal CodeK1L 7K3
  • Style
  • Price$ 799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
RE/MAX HALLMARK REALTY GROUP
Data Source:
Canadian Real Estate Association
Property Description

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:7434)

General Features

More Information Link https://www.realtor.ca/real-estate/22891240/338-olmstead-street-ottawa-vanier-south
Neighbourhood Vanier South
Property Type Vacant Land
Zoning Description Residential

Interior Features

Building Fireplace Present False

Exterior Features

Sewer Municipal sewage system

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 84
20