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.
Starting from Vanier Parkway, turn right onto Montreal Road, left onto Granville Street, left onto Shakespeare Street.
Neighbourhood
3402 - Vanier
Area
Ottawa
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
66 x 95 ft
Total Area
10,800 ft2
Air Conditioning
Y
Parking Spaces
4
Heat Type
Elec Forced Air
Gross Income/Sales
$250,200
Water Expense
$4,200
Insurance Expense
$7,740
Year Expenses
$2,024
Expenses Actual/Estimated
Act
Area Influences
Public Transit
Sewers
Sanitary
Water
Municipal
Zoning
R4EA
Seller Property Info Statement
N
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