340-342 Shakespeare St, Ottawa, K1L 5M2
$4,400,000
Property Features
- 8 Unit Property
- 3 Bedroom, 2 bath Units
- Low Maintenance Income Generation
- Prime Location
- High Energy Efficiency
Property Summary
Welcome to 340-342 Shakespeare Street—an outstanding investment opportunity in the heart of Vanier. This newly constructed 8-unit property is composed of two modern fourplexes, each housing spacious 3-bedroom, 2-bathroom units designed with high-end finishes and quality appliances. Situated in a prime location, residents will appreciate being close to all essential amenities, public transit, and recreation facilities, making it an attractive rental option.
With current rents poised for potential increases, and the added benefit of being exempt from rent control regulations, this property offers promising revenue growth. An impressive letter of interest from a lender under the MLI Select System secures $3.9 million in financing at a preferred rate, further enhancing the property’s appeal. The newly built construction, with occupancy within the past year, is eligible for the MLI program, giving investors flexibility to adjust rents if not utilizing MLI Select.
Energy efficiency is another highlight, with excellent insulation—including under the basement slab—and heating provided by high-efficiency ducted heat pumps with electric backup. This should contribute to qualifying for efficiency points, adding another layer of value to your investment.
For those looking to expand or begin their investment portfolio, 340-342 Shakespeare Street stands as a lucrative, low-maintenance opportunity with a quick closing available and preferred. Don’t miss your chance to own this exceptional income-generating property!
With current rents poised for potential increases, and the added benefit of being exempt from rent control regulations, this property offers promising revenue growth. An impressive letter of interest from a lender under the MLI Select System secures $3.9 million in financing at a preferred rate, further enhancing the property’s appeal. The newly built construction, with occupancy within the past year, is eligible for the MLI program, giving investors flexibility to adjust rents if not utilizing MLI Select.
Energy efficiency is another highlight, with excellent insulation—including under the basement slab—and heating provided by high-efficiency ducted heat pumps with electric backup. This should contribute to qualifying for efficiency points, adding another layer of value to your investment.
For those looking to expand or begin their investment portfolio, 340-342 Shakespeare Street stands as a lucrative, low-maintenance opportunity with a quick closing available and preferred. Don’t miss your chance to own this exceptional income-generating property!
