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$4,400,000
Available - For Sale
Listing ID: X9768631
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 $4,400,000
Taxes: $19,000
Occupancy by: Tenant
Address: 340-342 SHAKESPEARE St , Vanier and Kingsview Park, K1L 5M2, Ontario
Postal Code: K1L 5M2
Province/State: Ontario
Legal Description: LTS 290 & 291, PL 246 ; OTTAWA
Lot Size: 66 x 95 (Feet)
Directions/Cross Streets: Starting from Vanier Parkway, turn right onto Montreal Road, left onto Granville Street, left onto S
Zoning: R4EA
Category: Apartment
Insurance Expense: $7740
Water Expense: $4200
Gross Income/Sales: $250200
Net Income Before Debt: $0
Heat Type: Heat Pump
Sewers: Sewers
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SOLID ROCK REALTY

340-342 SHAKESPEARE St , Vanier and Kingsview Park, K1L 5M2, Ontario


 
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Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3402 - Vanier
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Lot Size: 66.00 x 95.00(Feet)
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Tax: $19,000
Maintenance Fee: $0
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