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:4069)
Address
327-329 SHAKESPEARE STREET
List Price
$1,349,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
Ottawa
Bedrooms
11
Bathrooms
5
Lot Size
66 x 95 FT Sq. Ft.
MLS® Number
X12130394
Listing Brokerage
ROYAL LEPAGE PERFORMANCE REALTY
Basement Area
N/A (Finished)
Postal Code
K1L5M1
Site Influences
Park, Schools
Features
Paved yard
