339 CHAPEL STREET new Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1N7Z5
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $616
Subdivision 4004 - Sandy Hill
MLS Listing ID X12211892
Bedrooms 7
Source Ottawa Real Estate Board
Property Description
Prime Turnkey Fourplex in the best part of Sandy Hill, Strong Cash Flow, good medium term tenants, and Exceptional Upside. Welcome to 339 Chapel Street, a beautifully maintained & fully tenanted fourplex in the heart of Sandy Hill, one of Ottawa's most desirable and rent ready neighborhoods. This income generating asset offers a rare combination of solid returns, a premier location, and strong tenant appeal. The property consists of three well-designed 2 bedroom units and one very spacious 1bedroom unit, all with separate hydro meters, in-unit laundry, updated interiors, and functional layouts. The top two units are leased at $2,900/month all inclusive and furnished, the main level 1 bedroom is currently fetching $2,700/month all inclusive and furnished, and the basement 2-bedroom is rented at $1,550/month + Hydro unfurnished, bringing the total monthly rent to $10,050 and approx $120,600 annually. Recent upgrades include: Windows & Metal Roof (2021)Modern Kitchens & Bathrooms, Flooring, Decks, Porches & Exterior Entryways all updated. On Demand Tankless Hot Water System (Rental). Additional features include a sauna in the 2nd floor unit, a large rear deck, second floor balcony, 4 on-site parking spaces for possible additional income, and a private backyard. Three of the four units are furnished and all furniture is included in the sale (except the basement unit). With total yearly expenses of approximately $26,377.61, the net operating income reaches approximately $94,222, making this a 6.11% cap rate opportunity. A perfect opportunity for investors looking to grow their portfolio with a stress free, professionally maintained asset in a high-demand location. Proximity to Ottawa University, transit, parks, the Rideau River, and downtown ensures stable, long-term rental demand. 3D tour walk through of building here : https://my.matterport.com/show/?m=2WDockmhHjB, floor plans available (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Second level 3.08 m X 2.8 m Living room
Extra Room 2 Second level 3.01 m X 1.92 m Dining room
Extra Room 3 Second level 3.01 m X 2.77 m Kitchen
Extra Room 4 Second level 3.56 m X 3.26 m Primary Bedroom
Extra Room 5 Second level 3.16 m X 3.07 m Bedroom
Extra Room 6 Third level 3.84 m X 3.38 m Living room
Interior
Heating Baseboard heaters
Cooling Window air conditioner
Fireplaces Number 1
Exterior
Parking Features No
Fence Fenced yard
Community Features Community Centre,School Bus
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Others
Virtual Tour https://www.youtube.com/watch?v=3jLbbMPMbxY&t=2s