Catherine Ford
338 OLMSTEAD STREET, Ottawa, Ontario, K1L7K3
Property TypeVacant Land Lot Size0.08 acres

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:42045)


Details
OwnershipFreehold TransactionFor sale
Zoning DescriptionResidential
Building
Bathrooms (Half)0 Bathrooms (Total)0
Utility WaterMunicipal water
Land
Size Total0.08 ac Size Frontage50 ft
SewerMunicipal sewage system Size Depth70 ft
Size Irregular0.08

Listing Office: RE/MAX HALLMARK REALTY GROUP

Data Provided by Ottawa Real Estate Board

Last Modified :23/03/2021 04:11:47 PM

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