Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#12733 +post_id: "335864" +post_author: 1 +"ListingKey": "X12146215" +"ListingId": "X12146215" +"PropertyType": "Residential" +"PropertySubType": "Duplex" +"StandardStatus": "Active" +"ModificationTimestamp": "2025-05-14T05:11:22Z" +"RFModificationTimestamp": "2025-05-14T07:20:36.839222+00:00" +"ListPrice": 795000.0 +"BathroomsTotalInteger": 2.0 +"BathroomsHalf": 0 +"BedroomsTotal": 6.0 +"LotSizeArea": 0.35 +"LivingArea": 0 +"BuildingAreaTotal": 0 +"City": "Russell" +"PostalCode": "K0A 1W0" +"UnparsedAddress": "22 Dollard Street, Russell, On K0a 1w0" +"Coordinates": array:2 [ 0 => -75.2796794 1 => 45.2761479 ] +"Latitude": 45.2761479 +"Longitude": -75.2796794 +"YearBuilt": 0 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListOfficeName": "KELLER WILLIAMS INTEGRITY REALTY" +"OriginatingSystemName": "TRREB" +"PublicRemarks": "Discover this impeccably designed legal duplex in Embrun offering exceptional value and strong rental income. The upper-level flagship unit is a beautifully renovated 3-bedroom home. Thoughtfully updated with care and attention to detail, this unit stands out as one of the premier rentals in Embrun. The newly constructed lower-level apartment is equally impressive -- a bright and modern 3-bedroom unit. Together, both units are rented (no vacancy) to generate a robust monthly income of $4,200, translating to over $50,000 annually. Heat/Hydro is separately metered so as the new property owner, you pay only water. The extra-large 1/3rd acre property lends well to future development -- extensions, outbuildings, carriage homes, and more! This is an excellent land parcel to take advantage of the More Homes Built Faster Act, 2022 (also known as Bill 23) as part of Ontarios goal of building 1.5-million new homes in under 10 years. Annual Income $50,415. Annual Expenses: Water $1,550, Insurance $1,673, Tax $3,570 = Total $6,793. Net Income $43,622. Cash flow before finance $3,635 per month. On reasonable financing terms the monthly cashflow is $800+ per month. This investment opportunity is hard to beat. If long-term growth is 4-5% per year, this duplex could be worth $1.43-1.65 million in 15 years, and $2.58-3.44 million in 30 years when paid in full. Cashflow in the interim should greatly exceed $500,000. This equates to a potential return of $3-4 million from todays $159-238k downpayment. Consider adding 22 Dollard Street in Embrun as a flagship property and long-term staple to your portfolio. Note: Financials discussed in the video are outdated; please refer the the updated numbers listed here. Photos taken prior to current tenancies." +"ArchitecturalStyle": "Bungalow-Raised" +"Basement": array:1 [ 0 => "Apartment" ] +"CityRegion": "602 - Embrun" +"CoListOfficeName": "KELLER WILLIAMS INTEGRITY REALTY" +"CoListOfficePhone": "613-829-1818" +"ConstructionMaterials": array:2 [ 0 => "Other" 1 => "Brick" ] +"Cooling": "Wall Unit(s)" +"Country": "CA" +"CountyOrParish": "Prescott and Russell" +"CoveredSpaces": "1.0" +"CreationDate": "2025-05-14T02:55:03.963240+00:00" +"CrossStreet": "Notre Dame St and St Augustin Rd" +"DirectionFaces": "North" +"Directions": "Notre Dame Street to St Augustin Rd; head north. 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Description
Beautifully renovated duplex in the heart of Ottawa! 305 Olmstead Street sits on a spacious lot, offering incredible potential for investors, homeowners, or future development. Featuring a 2-bed upper unit and 1-bed lower unit, both with private entrances, in-unit laundry, and modern finishes. Updates include roof, kitchens, bathrooms, flooring, electrical, plumbing, and more (2022). Detached garage, large shed, and just minutes from downtown & u Ottawa. A turnkey opportunity you don’t want to miss!
Details
MLS® Number
X12087644
X12087644
Bedrooms
3
3
Bathrooms
2
2
Additional details
- Roof: Asphalt Shingle
- Sewer: Sewer
- Cooling: Central Air
- County: Ottawa
- Property Type: Residential
- Pool: None
- Architectural Style: Other
Address
- Address 305 Olmstead Street
- City Vanier And Kingsview Park
- State/county ON
- Zip/Postal Code K1L 7K2
- Country CA