339 Chapel ST new Save Request In-Person Tour Request Virtual Tour
Lower Town - Sandy Hill,ON K1N 7Z5
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 4004 - Sandy Hill
MLS Listing ID X12211892
Style 2 1/2 Storey
Bedrooms 7
Annual Tax Amount $8,494
Tax Year 2024
Property Sub-Type Fourplex
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
Location
Province ON
County Ottawa
Community 4004 - Sandy Hill
Area Ottawa
Rooms
Family Room Yes
Basement Separate Entrance,Apartment
Kitchen 4
Interior
Interior Features On Demand Water Heater,Separate Heating Controls,Water Heater
Cooling Window Unit(s)
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Deck,Porch,Paved Yard
Parking Features Lane
Pool None
Roof Type Metal
Lot Frontage 33.33
Lot Depth 100.0
Total Parking Spaces 4
Building
Unit Features Fenced Yard,Public Transit,Rec./Commun.Centre,School Bus Route,School
Foundation Stone
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
Virtual Tour https://my.matterport.com/show/?m=2WDockmhHjB