338 Olmstead Street Ottawa, Ontario K1L 7K3

Baseboard Heaters, Forced Air


NET Operating Income of $55,121.59/yr (not incl Maintenance and Mgmt). PERFECT for a long-term investor and someone who wants to build in 10 years - ZONING CODE is R4UA-c !!! FIRE RETROFIT certificate on file 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 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 - Some Seller financing avail w/Full Price Offer. Keep as an 8 unit and develop later using the CASH FLOW for the Development costs!!!! (id:37684)

Property Details

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


Exterior Finish Siding, Stucco
Heating Fuel Natural Gas, Electric
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Utility Water Municipal Water


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



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