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340-342 SHAKESPEARE STREET

Ottawa, Ontario K1L5M2

$4,300,000 for sale



MLS®:
1418437
Contract Days:
23
Community:
Vanier
Ownership:
Freehold
Property Type:
R4EA
Total Size:
66 ft X 95 ft
Built Date:
2023
Parking:
4
Bedrooms:
+
Bathrooms:
Interior Features

Construction Style:
Total Stories:
3
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
Whole Bathrooms:
0
Half Bathrooms:
Basement Type:
Basement Development:
Appliances:
Exterior Features

Built Date:
2023
Exterior Finish:
Brick
Foundation Type:
Poured Concrete
Utitilies

Heating Type:
Heat Pump
Heating Fuel:
Electric
Cooling Type:
Utility Water:
Municipal water
Sewer:
Municipal sewage system
Total Fireplaces:
Type
Level
Size

Note

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:19004)

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