339 Chapel Street Ottawa, Ontario K1N 7Z5
$1,479,000
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 6.4% 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:59524)
Property Details
| MLS® Number | X12321528 |
| Property Type | Multi-family |
| Neigbourhood | Sandy Hill |
| Community Name | 4004 - Sandy Hill |
| AmenitiesNearBy | Public Transit, Schools |
| CommunityFeatures | Community Centre, School Bus |
| EquipmentType | Water Heater, Water Heater - Tankless |
| Features | Lane, Paved Yard |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater, Water Heater - Tankless |
| Structure | Deck, Porch |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Amenities | Separate Heating Controls |
| Appliances | Water Heater - Tankless, Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Stove, Washer, Refrigerator |
| BasementFeatures | Apartment In Basement, Separate Entrance |
| BasementType | N/a |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 3 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 33 Ft ,3 In |
| SizeIrregular | 33.3 X 100 Ft |
| SizeTotalText | 33.3 X 100 Ft |
| ZoningDescription | 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/28683568/339-chapel-street-ottawa-4004-sandy-hill
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August 13 2025 02:31:16
Royal LePage Integrity Realty