339 Chapel Street
Ottawa (Sandy Hill)339 Chapel Street
Ottawa (Sandy Hill)
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About this home
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 6.4% 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
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Rooms
20 rooms · 4 bathrooms
- Foyer7′10″ × 3′6″27 sq.ft.
- Living room13′1″ × 8′5″110 sq.ft.
- Dining room13′ × 7′3″95 sq.ft.
- Kitchen14′1″ × 10′1″142 sq.ft.
- Primary bedroom16′4″ × 12′1″198 sq.ft.
- Living room10′1″ × 9′2″93 sq.ft.
- Dining room9′11″ × 6′4″62 sq.ft.
- Kitchen9′11″ × 9′1″90 sq.ft.
- Primary bedroom11′8″ × 10′8″125 sq.ft.
- Bedroom10′4″ × 10′1″104 sq.ft.
- Living room12′7″ × 11′1″140 sq.ft.
- Dining room11′1″ × 9′2″102 sq.ft.
- Kitchen11′9″ × 10′10″127 sq.ft.
- Primary bedroom12′4″ × 10′4″128 sq.ft.
- Bedroom11′9″ × 10′4″122 sq.ft.
- Living room14′7″ × 9′11″144 sq.ft.
- Kitchen17′ × 11′8″198 sq.ft.
- Primary bedroom13′1″ × 9′5″123 sq.ft.
- Bedroom11′2″ × 8′7″96 sq.ft.
- Laundry6′1″ × 6′8″41 sq.ft.
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