Mirna Botros
613-600-2626388 390 Chapel Street - $3,509,000
388 390 Chapel Street - $3,509,000
388 390 Chapel Street
$3,509,000
4004 - Sandy Hill
Ottawa, OntarioK1N7Z6
0 beds
0 baths
null parking
MLS#: X12401623Listed: 1 day agoUpdated:about 15 hours ago
Description
Outstanding investment opportunity in the heart of Sandy Hill, just steps from the University of Ottawa. 388-390 Chapel consists of two fully renovated triplexes built in identical style from the ground up. Each building offers a 5-bedroom, 2-bathroom unit on the main level, a 3-bedroom, 1-bathroom unit on the second floor, and a 4-bedroom, 1-bathroom unit on the third floor. All units are furnished and operated on an all-inclusive rental model, making them highly attractive to students and young professionals while minimizing vacancy risk. The property produces a gross annual income of $266,952 and a Net Operating Income of $192,956, translating into a solid 5.5% cap rate. With upgraded infrastructure, modern finishes, and efficient building systems, the asset is positioned for long-term stability with reduced operating costs. The location further strengthens the investment case, boasting a 90 Walk Score, 80 Transit Score, and 94 Bike Score, ensuring tenants have immediate access to campus, the ByWard Market, cafés, restaurants, shopping, and everyday amenities. For investors seeking a turnkey, high-performing property in one of Ottawas most established rental markets, 388-390 Chapel delivers strong current income, desirable location, and long-term appreciation potential. (id:58075)Details
Details for 388 390 Chapel Street, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Multi Family
- Storeys
- -
- Neighborhood
- 4004 - Sandy Hill
- Land Size
- Bldg=52.5 x 73.37 FT
- Year Built
- -
- Annual Property Taxes
- $17,519
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Chapel & Somerset
- Type of Dwelling
- multi_family
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- Bldg=52.5 x 73.37 FT
- Zoning
- -
- Zoning Description
- R4S[480]-c
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- Fully air conditioned
- Heating
- Hot water radiator heat, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 388 390 Chapel Street, Ottawa, OntarioMap
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