327-329 SHAKESPEARE STREET, Ottawa, Ontario
$1,315,000
- 11 Beds
- 5 Baths
PRICE REDUCED BY 34K!!!! 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:56241)
- Listing ID: X12130394
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Are you looking for a private viewing? Schedule a tour with one of our Ontario real estate agents.
Match your Lifestyle with your Home
Let us put you in touch with a REALTOR® who specializes in the Ontario market to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let one of our Ontario real estate agents help you find a property to match your lifestyle.
Listing provided by ROYAL LEPAGE PERFORMANCE REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 327-329 SHAKESPEARE STREET in Ottawa Ontario. It was last modified on May 7th, 2025. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.