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340-342 SHAKESPEARE STREET, Ottawa, Ontario, K1L 5M2

MLS® # 1418437
Investment For Sale In Vanier North, Ottawa, Ontario
$4,300,000
Two fabulous newly constructed 4 plexes - 340-342 Shakespeare Street, Ottawa, ON - Outdoor With Facade
Open Concept living area - 340-342 Shakespeare Street, Ottawa, ON - Indoor Photo Showing Kitchen
High end finishes in Bathroom - 340-342 Shakespeare Street, Ottawa, ON - Indoor Photo Showing Bathroom
Two fabulous newly constructed 4 plexes - 340-342 Shakespeare Street, Ottawa, ON - Outdoor With Facade
Open Concept living area - 340-342 Shakespeare Street, Ottawa, ON - Indoor Photo Showing Kitchen
High end finishes in Bathroom - 340-342 Shakespeare Street, Ottawa, ON - Indoor Photo Showing Bathroom
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Home Insurance - TD Insurance
Get a home insurance quote online for this $4,300,000 property in Ottawa
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $4,300,000 property in Ottawa

Provided by TD Insurance
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340-342 SHAKESPEARE STREET, Ottawa, Ontario, K1L 5M2
$4,300,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Air Conditioning: Yes
  • Exterior Finish: Brick
  • Foundation Type: Poured Concrete
  • Heating Type: Heat Pump
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 2023
  • Irregular: Yes
  • Lot Depth: 95.0 Feet
  • Lot Frontage: 66.0 Feet
  • Lot Size: 66 ft X 95 ft
  • Zoning: R4EA
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 4

Courtesy of: SOLID ROCK REALTY

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 340-342 SHAKESPEARE STREET, Ottawa, Ontario, K1L 5M2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 340-342 SHAKESPEARE STREET , experiences 7 hot days per year at around 31.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.6 degrees Celsius.

Projected Avg. Temperature

Past
31.2℃
2050
34.6℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 340-342 SHAKESPEARE STREET , experiences 11 significant 2-day storms per year, with about 322mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 412.8mm of precipitation per year.

Precipitation Per Storm

Past
322mm
2050
412.8mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 340-342 SHAKESPEARE STREET, Ottawa, Ontario, K1L 5M2

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$105,470.10

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.17 %

High school certificate or equivalent

24.78 %

Apprenticeship trade certificate/diploma

7.0 %

College/non-university certificate

18.61 %

University certificate (below bachelor)

1.86 %

University Degree

31.56 %

Commuter

Travel To Work

By Car

64.43 %

By Public Transit

18.4 %

By Walking

12.09 %

By Bicycle

0.05 %

By Other Methods

5.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.61 %

Houses

54.39 %

Own Vs. Rent

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