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$ 1,349,000
Est. payment /mo
New
327-329 SHAKESPEARE STREET Ottawa, ON K1L5M1
11 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 3402 - Vanier
MLS® Listing ID X12130394
Bedrooms 11
Originating Board Ottawa Real Estate Board
Property Description
Well maintained and TURN KEY, FIRE RETROFITTED, 5 Unit building ,Legal 4 plex with non conforming accessory apartment, many upgrades (see attachment) ,327 has 3 2 bedroom apts and 329 has one 2 bedroom and one large 3 bedroom on 2 levels, (main and basement). Basement of this unit has the potential of converting into a bachelor or studio for increased income. Buyer to verify feasiblity, 4 car garage/ carport in backyard. Front and back access to the building, back has very convenient and nice closed in staircase for extra storage (2016),and gives access to all apartments and common area, repaved driveway(2016) gardens and landscaping recently redone. Each tenant pays for the following utilities, hydro, and HWT(rental and gas) Landlord pays for heat (except basement unit) water and hydro for commom spaces. Landlord office in basement and common area for laundry accessible to all units. Coin operated washer and dryer. Total income from rent and laundry=$83,738 (2024) Projected income for 2025 is $87,714. Expenses=$18,477, NOI =$69,236 taxes= $8,184 Insurance= $5,645, utilities for common space(water and heating)=$4,648. Close to amenities, shopping restaurants, transit, minutes to downtown Ottawa. 24hr notice for all showings. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Wall unit
Exterior
Parking Features Yes
Fence Fully Fenced
Community Features Community Centre, School Bus
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://listings.nextdoorphotos.com/327shakespearestreet
Listed by ROYAL LEPAGE PERFORMANCE REALTY