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340-342 SHAKESPEARE STREET
Ottawa, Ontario K1L5M2

$4,400,000

ID# 1418437

ABOUT THIS PROPERTY

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:43993)

PROPERTY DETAILS

Year Built 2023
Heating Type Heat Pump
Heating Fuel Electric
Stories Total 3

Property Type

Multi-family
Courtesy of SOLID ROCK REALTY
Listed on: October 29, 2024

On market: 7 days

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