339 Chapel Street Ottawa, Ontario K1N 7Z5
$1,540,000
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:39840)
Property Details
| MLS® Number | X12211892 |
| Property Type | Multi-family |
| Community Name | 4004 - Sandy Hill |
| Amenities Near By | Public Transit, Schools |
| Community Features | Community Centre, School Bus |
| Features | Lane, Paved Yard |
| Parking Space Total | 4 |
| Structure | Deck, Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Amenities | Separate Heating Controls |
| Appliances | Water Heater - Tankless, Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Stove, Washer, Refrigerator |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 33 Ft ,3 In |
| Size Irregular | 33.3 X 100 Ft |
| Size Total Text | 33.3 X 100 Ft |
| Zoning Description | R4h480 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.08 m | 2.8 m | 3.08 m x 2.8 m |
| Second Level | Dining Room | 3.01 m | 1.92 m | 3.01 m x 1.92 m |
| Second Level | Kitchen | 3.01 m | 2.77 m | 3.01 m x 2.77 m |
| Second Level | Primary Bedroom | 3.56 m | 3.26 m | 3.56 m x 3.26 m |
| Second Level | Bedroom | 3.16 m | 3.07 m | 3.16 m x 3.07 m |
| Third Level | Living Room | 3.84 m | 3.38 m | 3.84 m x 3.38 m |
| Third Level | Dining Room | 3.38 m | 2.8 m | 3.38 m x 2.8 m |
| Third Level | Kitchen | 3.59 m | 3.29 m | 3.59 m x 3.29 m |
| Third Level | Primary Bedroom | 3.77 m | 3.16 m | 3.77 m x 3.16 m |
| Third Level | Bedroom | 3.59 m | 3.16 m | 3.59 m x 3.16 m |
| Lower Level | Living Room | 4.45 m | 3.01 m | 4.45 m x 3.01 m |
| Lower Level | Kitchen | 5.18 m | 3.56 m | 5.18 m x 3.56 m |
| Lower Level | Primary Bedroom | 3.99 m | 2.86 m | 3.99 m x 2.86 m |
| Lower Level | Bedroom | 3.41 m | 2.62 m | 3.41 m x 2.62 m |
| Lower Level | Laundry Room | 1.86 m | 2.04 m | 1.86 m x 2.04 m |
| Main Level | Foyer | 2.4 m | 1.06 m | 2.4 m x 1.06 m |
| Main Level | Living Room | 3.99 m | 2.56 m | 3.99 m x 2.56 m |
| Main Level | Dining Room | 3.96 m | 2.22 m | 3.96 m x 2.22 m |
| Main Level | Kitchen | 4.29 m | 3.07 m | 4.29 m x 3.07 m |
| Main Level | Primary Bedroom | 4.99 m | 3.69 m | 4.99 m x 3.69 m |
https://www.realtor.ca/real-estate/28450031/339-chapel-street-ottawa-4004-sandy-hill
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June 11 2025 02:05:08
Ottawa Real Estate Board
Keller Williams Integrity Realty