Mirna Botros

613-600-2626

327 329 Shakespeare Street - $1,269,000

327 329 Shakespeare Street

$1,269,000

3402 - Vanier

Ottawa, OntarioK1L5M1

11 beds

5 baths

6 parking

MLS#: X13014692Listed: about 3 hours agoUpdated:about 3 hours ago

Description

SUPER Well maintained and TURN KEY, FIRE RETROFITTED, in Surging Gentrification Neighborhood, a few minutes from Beechwood community, 5 Unit Building, 2 semi detacheds, Legal 4 plex with accessory apartment, many upgrades (see attachment) ,327 has three 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=$84,390 (2025). Expenses=$18,617, taxes= $8,776 Insurance= $6,075, utilities (water, heating and hydro for common elements)=$3,776. Projected 2026 income (current rents)=$90,927. 24hr notice for all showings. ONLY 1 UNIT AVAILABLE FOR SHOWINGS UNTIL THERE IS AN ACCEPTED OFFER. Over 84K in improvements, see attached. Long term tenants in 2 units, potential for significantly improved rents. Close to amenities, shopping restaurants, transit, minutes to downtown Ottawa. 24hr notice for all showings. (id:58075)

Details

Details for 327 329 Shakespeare Street, Ottawa, Ontario

Property Type: Multi Family
Building Type: Fourplex
Storeys: 2
Neighborhood: 3402 - Vanier
Land Size: 66 x 95 FT
Year Built: -
Annual Property Taxes: $8,776
Parking Type: Garage, Carport

Inside

Appliances: Refrigerator, Water meter, Dishwasher, Stove, Water Heater
Rooms: -
Bedrooms: 11
Bathrooms: 5
Fireplace: -
Fireplace Total: -
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A

Building

Architecture Style: -
Direction: Cross Streets: Granville and Montreal. ** Directions: From Montreal Rd Turn North on Granville, then west on Shakespeare.
Type of Dwelling: fourplex
Roof: -
Exterior: Brick, Vinyl siding
Foundation: Concrete, Poured Concrete
Flooring: -