Property in Vanier South

338 OLMSTEAD Street , Ottawa

Details

Property ID
1227196
Status
Sold
Property Type
Apartment 5+ Units
Lot Size
50.00 X 70.00 Ft.
Parking Spaces
3
Taxes
$6,515 (2021)
Basement
Fully Finished Full
Heating Type
Baseboard,Forced Air

Description

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!!!! ...

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Location of the Property

338 OLMSTEAD Street, Ottawa, Ontario K1L 7K3

Nearby Schools and Ratings

Source: Ontario school information and student demographics - grade 3 and 6 EQAO student achievements for reading, writing and mathematics, grade 9 EQAO academic and applied student achievements, grade 10 OSSLT student achievement | Open Government Licence - Ontario
Disclaimer: The property is not necessarily in the boundary of the schools shown above. There may be other, closer schools available that are not listed in the source, or the property can be in the boundary of farther schools that are not shown on this map. This tool is designed to provide the viewer an overview of the ratings of nearby public schools, and does not suggest association to school boundaries. To view all schools and boundaries please visit the respective district school board's website.
For further information and school ranking visit Fraser Institution and EQAO.

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More About 338 OLMSTEAD Street

338 OLMSTEAD Street is a Commercial Property located in the city of Ottawa. 338 OLMSTEAD Street has been listed For Sale at $799,000 since Feb 23 2021. This Apartment 5+ Units property . Situated in Vanier South neighbourhood

Listing Brokerage: RE/MAX HALLMARK REALTY GROUP