340-342 Shakespeare Street Ottawa, Ontario K1L 5M2

$4,400,000

Welcome to 340-342 Shakespeare! This newly built 8 unit income property consists of 2 fourplexes each with four 3 bedroom, 2 bathroom units in a prime Vanier location, being close to all amenities, public transit and recreation. Still room for increased rents. Rent control does not apply to this building. Hi-end finishings and quality appliances. Letter of interest from a lender under the MLI System for 3.9 million of financing at a preferred rate. Quick closing is available and preferred. Less then one year from occupancy so new construction works under the MLI. If not using the MLI Select the affordable rent could be increased. Should qualify for efficiency points as the insulation including under the basement slab is excellent and heated with high efficiency ducted heat pumps with electric backup. What a fantastic property to add to or start your investment portfolio. (id:43934)

Property Details

MLS® Number	1418437
Property Type	Multi-family
Neigbourhood	Vanier
ParkingSpaceTotal	4

Building

ConstructedDate	2023
ExteriorFinish	Brick
FoundationType	Poured Concrete
HeatingFuel	Electric
HeatingType	Heat Pump
StoriesTotal	3
UtilityWater	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
SizeDepth	95 Ft
SizeFrontage	66 Ft
SizeIrregular	66 Ft X 95 Ft
SizeTotalText	66 Ft X 95 Ft
ZoningDescription	R4ea

https://www.realtor.ca/real-estate/27594604/340-342-shakespeare-street-ottawa-vanier