This meticulously maintained detached two unit property on a generous corner lot in Ottawa's vibrant Vanier neighbourhood offers two self-contained units, each with separate electrical meters and in unit laundry. The main and lower-level two bed unit and bright one bed top-floor suite. 2 bedroom unit features a renovated kitchen and bathroom, durable laminate, luxury vinyl plank and tile floors, a fully finished basement. Roof refreshed just a few years ago, and reliable mechanicals throughout. Outside, the low maintenance exterior boasts extensive interlock and stone landscaping, an aluminum backyard deck and included woodshed, plus parking for 4 cars an ideal setup for owner occupiers or investors. All major appliances remain, and both units will be vacant at possession. With projected rents of $2,300 and $1,700, owner occupiers could live here for only $1,370 per month in housing expenses (with 20% down at a 4.25% rate taking into account income from 1 bedroom and expenses), or investors can expect an estimated true 5.11% cap rate renting both units (13.9%+ ROI, DSR of 1.29). Ideally located for transit with major bus routes delivering you downtown in minutes this home is also walking distance to eclectic shops, grocers and cafés along Beechwood Avenue, community parks such as Richelieu and Vanier Park, and local schools including Trille des Bois, Mauril Belanger and others. Vanier has seen significant community investment and is known for its cultural spirit, francophone roots, annual maple sugar festival and strong local cohesion making this a move-in-ready opportunity in one of Ottawa's most diverse and development minded neighbourhoods. (id:4069)
Address
347 SHAKESPEARE STREET
List Price
$585,000
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
3
Bathrooms
3
Floor Area
1100 - 1500 Sq. Ft.
Lot Size
33 x 94.7 FT Sq. Ft.
MLS® Number
X12404144
Listing Brokerage
EXIT REALTY MATRIX
Basement Area
Full (Finished)
Postal Code
K1L5M1
Features
Carpet Free
