340-342 SHAKESPEARE Street, Vanier and Kingsview Park | Image 1

340-342 SHAKESPEARE Street

Vanier and Kingsview Park, 3402 - Vanier

  • Commercial

$4,300,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R4EA

  • Age: No Data

  • Taxes: 19000

  • MLS®#: X9768631

  • Days on Site: 31 Days

  • Added: Oct 28, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: SOLID ROCK REALTY

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

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Vanier and Kingsview Park

  • Community: 3402 - Vanier

  • Availability Date: Immediate

Inside

  • Air Conditioning: Y

Building

  • Heat Type: Elec Forced Air

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: LTS 290 & 291, PL 246 ; OTTAWA

  • Taxes: $19,000

  • Expenses: Act

  • Insurance Fee: 7740

  • Tax Year: 2024

  • Water Fees: 4200

Land

  • Cross Street: Starting from Vanier

  • Municipality District: Vanier and Kingsview Park

  • Parcel Number: 042320224

  • Sewer: Sanitary

  • Lot Depth: 95 Feet

  • Lot Frontage: 66 Feet

  • Zoning: R4EA

Commercial Specific

  • Total Area: 10800

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Gross Income/Sales: 250200

Map of 340-342 SHAKESPEARE Street, Vanier and Kingsview Park
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