Prime, turnkey fourplex in the heart of Sandy Hill with strong cash flow and future upside. Welcome to 339 Chapel Street, a beautifully maintained, tenanted income property in one of Ottawa's most popular rental neighborhoods, steps to the University of Ottawa, transit, parks, the Rideau River, and minutes to downtown. This solid asset is comprised of three (3) well designed 2-bedroom units plus one (1) exceptionally spacious 1 bedroom unit. Tenants enjoy separate hydro meters, in-unit laundry, updated finishes, and functional layouts that consistently attract quality renters.2025 gross income: $104,011.09 approx, yearly expenses of $29,966, delivering an estimated NOI of $74,045 with room for rent optimization over time. Recent improvements provide peace of mind and long-term durability, including windows and metal roof (2021), plus modernized kitchens and bathrooms, updated flooring, and refreshed decks, porches, exterior entryways. The building also features an on-demand tankless hot water system (rental).Extra value add features set this property apart: a sauna in the second floor unit, a large rear deck, second floor balcony, private backyard, and four (4) on-site parking spaces with potential for added revenue. Three of the four units are furnished and most furnishings are included in the sale (excluding the basement unit furnishings).A rare opportunity to acquire a stress free, well maintained multifamily asset in an A+ location, ideal for investors seeking stable income today with meaningful upside tomorrow. (id:56483)
| MLS® Number | X12722776 |
| Property Type | Multi-family |
| Community Name | 4004 - Sandy Hill |
| Amenities Near By | Public Transit, Schools |
| Community Features | Community Centre, School Bus |
| Equipment Type | Water Heater, Water Heater - Tankless |
| Features | Lane, Paved Yard |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater, Water Heater - Tankless |
| Structure | Deck, Porch |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Amenities | Separate Heating Controls |
| Appliances | Water Heater - Tankless, Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Apartment In Basement, Walk Out |
| Basement Type | N/a, N/a, Full, N/a (finished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Fireplace Present | Yes |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 2500 - 3000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 33 Ft ,3 In |
| Size Irregular | 33.3 X 100 Ft |
| Size Total Text | 33.3 X 100 Ft |
| Zoning Description | R4h480 |
| 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/29282023/339-chapel-street-ottawa-4004-sandy-hill
Contact us for more information
Sorin Vaduva
Salesperson
(613) 829-1818
https://royallepageintegrity.ca/
Luis Vargas
Salesperson
(613) 829-1818
https://royallepageintegrity.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
© Sleepwell Realty Group Ltd., Brokerage
