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Orlene Campbell

Engel & Völkers

orlene.campbell@engelvoelkers.com +1(613) 290-8372

$ 1,540,000

Est. payment -/mo

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339 CHAPEL STREET Ottawa, ON K1N7Z5

7 Beds

4 Baths

2,500 SqFt

UPDATED:

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

Listed by KELLER WILLIAMS INTEGRITY REALTY

Orlene Campbell

Salesperson

+1(613) 290-8372

Orlene Campbell

339 CHAPEL STREET Ottawa, ON K1N7Z5

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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339 CHAPEL STREET