338 OLMSTEAD STREET, Ottawa, Ontario

ID#484635 | MLS# 1227196 | Listed at $799,000.00
Real Estate - Ottawa -
Helen Eum
Sales Representative
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Description
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:17126)
Special Features
  • Fireplace Present: False
  • Heating Fuel: Natural gas, Electric
  • Number of Stories: 2
  • Utility Water: Municipal water
  • Has Acreage: false
  • Sewer: Municipal sewage system
  • Name of Managment Company: 0 -
  • Ownership Type: Freehold
  • Parking Space Total: 3
  • Zoning: Residential
Property Type Residential
Building Style Semi Detached
Listing Type For Sale

Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

The seller has not posted any comments at this time.

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Mortgage Information
Title: Standard 5 Year / 25 Year Amortization
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $39,950 2.54% 25 Years basic 5 Yr / 25 Year $3,515 $127,664
10.00%  -  $79,900 2.54% 25 Years basic 5 Yr / 25 Year $3,306 $121,385
20.00%  -  $159,800 2.54% 25 Years basic 5 Yr / 25 Year $2,881 $108,639

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