338 Olmstead Street Ottawa, Ontario K1L 7K3

Baseboard Heaters, Forced Air

PERFECT for a long-term investor and someone who wants to build in 10 years - ASK MOE about the plan! FIRE RETROFIT and fire prevention system installed - Priced to sell! LOCATION! 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 and kitchen. Fully rented to long-term tenants. The owner has operated this for over 30 years. Looking to possibly 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! (Viewing times vary). 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:42482)

Are You Interested?

    Property Details

    MLS® Number 1227196
    Property Type Multi-family
    Neighbourhood Vanier South
    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


    Moe McIlwain

    (613) 299-3100
    700 Eagleson Road, Suite 105
    Ottawa, Ontario K2M 2G9

    (613) 663-2720