327-329 Shakespeare Ottawa, Ontario K1L5M1, Ottawa home/condo for sale | X12130394

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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:26452)

Semi-detached located at 327-329 Shakespeare Ottawa, Ontario K1L5M1. 327-329 Shakespeare Ottawa, Ontario K1L5M1 is in the 3402 - Vanier neighborhood. Pineview, The Glebe, and Findlay Creek are nearby neighbourhoods.

Agent Contact: Carmen Laplante Phone: +16138676914
Listing Courtesy of: ROYAL LEPAGE PERFORMANCE REALTY
Source: crea , MLS#: X12130394 Agent Contact: Karin Altoft Phone: +16138846916
Listing Courtesy of: ROYAL LEPAGE PERFORMANCE REALTY
Source: crea , MLS#: X12130394

Property Description

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