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:49712)

Property Details

MLS® Number	X12211892
Property Type	Multi-family
Neigbourhood	Sandy Hill
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