347 Shakespeare Street

Nestled in the heart of Ottawa’s vibrant Vanier neighbourhood, this meticulously maintained detached house for sale in Ottawa at 347 Shakespeare Street, Ottawa, presents a remarkable opportunity for both owner-occupiers and investors alike. Set on a generous corner lot measuring 33 by 95 feet, this charming two-storey property boasts an inviting exterior of stone and vinyl siding, creating an appealing first impression.

As you step inside this delightful house for sale in Ottawa, you’ll find that it comprises two self-contained units, each equipped with separate electrical meters and in-unit laundry facilities. The main and lower-level unit features two spacious bedrooms, while the bright top-floor suite offers a comfortable one-bedroom layout. The well-appointed two-bedroom unit showcases a recently renovated kitchen and bathroom, complemented by durable laminate, luxury vinyl plank, and tile flooring throughout. The full, finished basement adds to the living space, providing additional versatility for your needs.

This house for sale in Ottawa has been thoughtfully maintained, with a roof that was refreshed just a few years ago, ensuring reliability for years to come. The mechanical systems throughout the property are also in excellent condition, giving you peace of mind. Although there is no central vacuum system, the home is equipped with central air conditioning, providing a comfortable atmosphere during those warmer months.

One of the standout features of this property is the low-maintenance exterior, which boasts extensive interlock and stone landscaping. The aluminium backyard deck offers a lovely space for outdoor relaxation, while the included woodshed provides additional storage. Parking is a breeze with space for up to four cars, making this house for sale in Ottawa an ideal setup for families or those looking to invest.

The property comes unfurnished, allowing you the freedom to personalise the space to your liking. With no pool on the premises, the focus remains on the ample living space and the beautiful surroundings. The absence of a family room is offset by the generous layout of the two self-contained units, making it perfect for those seeking a home that offers both comfort and practicality.

Located in the sought-after community of 3402 - Vanier, this house for sale in Ottawa is ideally situated for convenient access to public transport, with major bus routes delivering you downtown in mere minutes. The vibrant neighbourhood is within walking distance of eclectic shops, grocers, and delightful cafés along Beechwood Avenue. Additionally, you’ll find community parks such as Richelieu and Vanier Park nearby, along with local schools including Trille des Bois and Mauril Belanger, making it a fantastic location for families.

Vanier has seen significant community investment and is renowned for its cultural spirit, francophone roots, and the annual maple sugar festival. This area is known for its strong local cohesion, making it one of Ottawa's most diverse and development-minded neighbourhoods. With projected rents of £2,300 for the two-bedroom unit and £1,700 for the one-bedroom suite, owner-occupiers could enjoy living here for only £1,485 per month in housing expenses, assuming a 20% down payment at a 4.25% interest rate, taking into account income from the one-bedroom unit. For investors, the estimated true cap rate of 4.82% and a return on investment exceeding 12.6% present an attractive opportunity.

In summary, this house for sale in Ottawa at 347 Shakespeare Street, Ottawa, is a move-in-ready gem that combines comfort, convenience, and investment potential. With its prime location, spacious living arrangements, and well-maintained features, it’s an opportunity not to be missed. Whether you’re looking to settle down in a vibrant community or seeking a lucrative investment, this property checks all the boxes. Don't hesitate to explore this fantastic offering in one of Ottawa's most promising neighbourhoods!

Vanier, located just east of downtown Ottawa, is a vibrant and diverse neighbourhood that offers a unique blend of urban living and community spirit. Known for its rich cultural heritage, Vanier features a variety of local shops, cafes, and restaurants that reflect its multicultural population. The area is well-served by public transport, making it easy to access the city centre and surrounding attractions. Residents can enjoy green spaces like the picturesque Richelieu Park, which provides a welcome retreat for outdoor activities. With its friendly atmosphere and strong sense of community, Vanier is an inviting place for anyone looking to settle in Ottawa.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you will find Robert E. Wilson Public School (0.9 km) and Queen Elizabeth Public School (1.0 km), both offering English-language education for elementary grades, with ratings of 4 and 3.9, respectively. Manor Park Public School (1.2 km) provides a French-language curriculum for younger students and boasts a school rating of 6. For older students, Lisgar Collegiate Institute (3.2 km) offers secondary education with a commendable rating of 7.9. Additionally, Assumption School (0.6 km) is a nearby Catholic elementary school with a rating of 5, while Vincent Massey Public School (4.6 km) offers a French-language program and has a rating of 6.9. For high school students, Immaculata High School (3.8 km) provides a Catholic education with a rating of 5.8. The diverse educational options available nearby cater to various language preferences and grade levels, ensuring that your children will have access to quality education within a short commute.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 481 residents, with an average household size of 2. The community's demographic profile reveals an average age of 43.1 years and a household income of $73,500. Notably, 16% of the population falls within the low-income bracket. The average property price in the area is approximately $560,000, indicating a relatively stable real estate market. A significant portion of the population, 53.49%, is single, while households with children represent 19.23% of the community. Immigrants make up 10.84% of the population, contributing to the area's diversity. Renters dominate the housing landscape, accounting for 65.91% of residents, and there are no condominiums available in the area. Educational attainment is high, with 57.14% of residents holding a college or university degree. However, 35.71% of the population is not in the labor force, which may reflect various socio-economic factors. Overall, this demographic snapshot highlights a community that is diverse, with a mix of families and single individuals, alongside a significant rental market and a well-educated populace.