327-329 Shakespeare St, Ottawa, K1L 5M1

Home Overview

Description

SUPER Well maintained and TURN KEY, FIRE RETROFITTED, in Surging gentrification neighborhood, 5 Unit building ,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=$90,827K (2025) . Expenses=$19,499, NOI =$71,328 taxes= $8,776 Insurance= $6,075, utilities for common space(water and heating)=$2,412. Close to amenities, shopping restaurants, transit, minutes to downtown Ottawa. 24hr notice for all showings. ONLY 2 UNITS AVAILABLE FOR SHOWINGS UNTIL THERE IS AN ACCEPTED OFFER.

7 months

On Market

Fourplex

Property Type

$8,184 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

51-99

Years Old