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$4,000,000
Price drop by $400,000Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9768631 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :05 Mar, 2025 (18 Days ago) |
| Source | :oreb |
| Area | :Ottawa |
|---|---|
| Postal Code | :
K1L 5M2
|
| Price | : $4,000,000 |
|---|---|
| Property Taxes | :$19000.0 |
| Tax Year | :2024 |
|---|
| No. of Rooms | :0 |
|---|---|
| Air Conditioning | :Yes |
| Heating | :Electric Forced Air |
| Cross Street | :Starting from Vanier Parkway, turn right onto Montreal Road, left onto Granville Street, left onto Shakespeare Street. |
| Fuel | :Electric |
|---|
| Exterior Finish | :Brick |
|---|---|
| Pets | :Unknown |
| Garage | :Unknown |
|---|
05 Mar, 2025
TREB #X9768631
Price Change
$4,000,000
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$4,000,000
340-342 SHAKESPEARE Street, Ottawa, ON
Listing ID #X9768631
Price drop by $400,000