$4,000,000
Available - For Sale
Listing ID: X9768631
340-342 SHAKESPEARE Street , Vanier and Kingsview Park, K1L 5M2, Ottawa
| 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. |
| Price | $4,000,000 |
| Taxes: | $19000.00 |
| Tax Type: | Unknow |
| Occupancy: | Tenant |
| Address: | 340-342 SHAKESPEARE Street , Vanier and Kingsview Park, K1L 5M2, Ottawa |
| Postal Code: | K1L 5M2 |
| Fronting On: | S |
| Province/State: | Ottawa |
| Legal Description: | LTS 290 & 291, PL 246 ; OTTAWA |
| Lot Size: | 20.12 x 95.00 (Feet) |
| Directions/Cross Streets: | Starting from Vanier Parkway, turn right onto Montreal Road, left onto Granville Street, left onto S |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 10800.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Insurance Expense: | $7740 |
| Water Expense: | $4200 |
| Gross Income/Sales: | $250200 |
| Net Income Before Debt: | $0 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Unkn |
| Washrooms: | 0 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3402 - Vanier |
| Lot Size: | 20.12 x 95.00(Feet) |
| Tax: | $19,000 |
| Fireplace: | N |
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