339 CHAPEL STREET
7
4
4Prime 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 $94,222, making this a 6.4% cap rate opportunity. A perfect opportunity for investors looking to grow their portfolio with a stress free, professionally maintained asset in a high-demand location. Proximity to Ottawa University, transit, parks, the Rideau River, and downtown ensures stable, long-term rental demand. 3D tour walk through of building here : https://my.matterport.com/show/?m=2WDockmhHjB, floor plans available (id:21126)
| Level | Type | Dimensions |
|---|---|---|
| Second level | Living room | 3.08 m x 2.8 m |
| Second level | Dining room | 3.01 m x 1.92 m |
| Second level | Kitchen | 3.01 m x 2.77 m |
| Second level | Primary Bedroom | 3.56 m x 3.26 m |
| Second level | Bedroom | 3.16 m x 3.07 m |
| Third level | Living room | 3.84 m x 3.38 m |
| Third level | Dining room | 3.38 m x 2.8 m |
| Third level | Kitchen | 3.59 m x 3.29 m |
| Third level | Primary Bedroom | 3.77 m x 3.16 m |
| Third level | Bedroom | 3.59 m x 3.16 m |
| Lower level | Living room | 4.45 m x 3.01 m |
| Lower level | Kitchen | 5.18 m x 3.56 m |
| Lower level | Primary Bedroom | 3.99 m x 2.86 m |
| Lower level | Bedroom | 3.41 m x 2.62 m |
| Lower level | Laundry room | 1.86 m x 2.04 m |
| Main level | Foyer | 2.4 m x 1.06 m |
| Main level | Living room | 3.99 m x 2.56 m |
| Main level | Dining room | 3.96 m x 2.22 m |
| Main level | Kitchen | 4.29 m x 3.07 m |
| Main level | Primary Bedroom | 4.99 m x 3.69 m |
Data Provided by REALTORS® Association of Canadian Real Estate
Last Modified:
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$ 419,850
$ 385,900
$ 599,900
