521 Chapel Street Ottawa, Ontario K1N 8A1
$659,900
Property will be Vacant May 1 2026. An exceptional opportunity for investors, This has been a student long term rental for many years. $4,485/month in rental income for the 2025/2026 school year, delivering an estimated Net Operating Income of $47,391 annually and a 6.0% cap rate. Currently operated as a student rental with zero vacancy history, this five-bedroom home is ideally situated steps from the University of Ottawa, Strathcona Park, and the Downtown core. The main level features a bright front bedroom, a welcoming living room, a functional kitchen, a full 3-piece bath, and a second bedroom at the rear. Upstairs, you'll find three spacious bedrooms and another full bath. Located in a high-demand neighbourhood with an excellent walk score, residents enjoy easy access to the Rideau Canal, Rideau Centre, public transit, and an array of local amenities - making it especially appealing to students and young professionals. Whether you're expanding your portfolio or seeking a steady income property in a proven location, this home is a must-see. Potential for future redevelopment adds even greater value. (id:59524)
Property Details
| MLS® Number | X12472292 |
| Property Type | Single Family |
| Community Name | 4004 - Sandy Hill |
| AmenitiesNearBy | Public Transit, Park |
| ParkingSpaceTotal | 1 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Dishwasher, Stove, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| FoundationType | Stone |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Park |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 22 Ft ,7 In |
| SizeIrregular | 22.6 X 100 Ft ; 0 |
| SizeTotalText | 22.6 X 100 Ft ; 0 |
| ZoningDescription | R4ua [480] - N4b[480] |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.57 m | 3.4 m | 4.57 m x 3.4 m |
| Second Level | Bedroom | 3.93 m | 2.59 m | 3.93 m x 2.59 m |
| Second Level | Bedroom | 3.63 m | 3.78 m | 3.63 m x 3.78 m |
| Main Level | Living Room | 3.22 m | 3.25 m | 3.22 m x 3.25 m |
| Main Level | Kitchen | 4.87 m | 3.88 m | 4.87 m x 3.88 m |
| Main Level | Dining Room | 3.5 m | 3.63 m | 3.5 m x 3.63 m |
| Main Level | Den | 3.53 m | 3.32 m | 3.53 m x 3.32 m |
| Main Level | Laundry Room | 3 m | 3 m | 3 m x 3 m |
Utilities
| Cable | Available |
| Electricity | Available |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29010809/521-chapel-street-ottawa-4004-sandy-hill
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March 02 2026 05:24:10
Royal LePage Integrity Realty