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Home ON Ottawa - Gatineau Ottawa Vanier Vanier North
340-342 SHAKESPEARE STREET
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340-342 SHAKESPEARE STREET $4,300,000
$4,300,000
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340-342 SHAKESPEARE STREET
Ottawa, Ontario K1L5M2

MLS® Number: 1418437

Listing Description

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. (29013041)

Property Summary

Property Type
Multi-family
Storeys
3
Neighbourhood Name
Vanier
Title
Freehold
Land Size
66 ft X 95 ft
Built in
2023
Annual Property Taxes
$19,000
Total Parking Spaces
4
Time on REALTOR.ca
23 days

Building

Building Features
Foundation Type
Poured Concrete
Total Units
8
Heating & Cooling
Heating Type
Heat Pump (Electric)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Maintenance or Condo Information
Maintenance Management Company
Sleepwell -
Parking
Total Parking Spaces
4

Land

Lot Features
Frontage
66 ft
Land Depth
95 ft
Other Property Information
Zoning Description
R4EA
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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