Mirna Botros

613-600-2626

339 Chapel Street - $1,399,880

339 Chapel Street

$1,399,880

4004 - Sandy Hill

Ottawa, OntarioK1N7Z5

7 beds

4 baths

4 parking

MLS#: X12722776Listed: about 1 month agoUpdated:about 1 month ago

Description

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:58075)

Details

Details for 339 Chapel Street, Ottawa, Ontario

Property Type: Multi Family
Building Type: Fourplex
Storeys: 2.5
Neighborhood: 4004 - Sandy Hill
Land Size: 33.3 x 100 FT
Year Built: -
Annual Property Taxes: $9,095
Parking Type: No Garage

Inside

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Furniture, Water Heater - Tankless, Water Heater
Rooms: 20
Bedrooms: 7
Bathrooms: 4
Fireplace: -
Fireplace Total: -
Basement: Finished, Full, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A

Building

Architecture Style: -
Direction: Corner of Osgoode Street and Chapel Street
Type of Dwelling: fourplex
Roof: -
Exterior: Brick
Foundation: Stone
Flooring: -

Land

Sewer: Sanitary sewer
Lot Size: 33.3 x 100 FT
Zoning: -
Zoning Description: R4H480

Parking

Features: No Garage
Total Parking: 4

Utilities

Cooling: Window air conditioner
Heating: Baseboard heaters, Natural gas
Water: Municipal water

Feature Highlights

Community: School Bus, Community Centre
Lot Features: Lane, Paved yard
Security: Smoke Detectors
Pool: -
Waterfront: -

Rooms

Rooms for 339 Chapel Street, Ottawa, Ontario

Level	Name	Dimensions
Lower level	Living room
Second level	Living room
Lower level	Kitchen
Second level	Dining room
	Kitchen
	Primary Bedroom
	Bedroom
Third level	Living room
	Dining room
	Kitchen
	Primary Bedroom
	Bedroom
Lower level	Primary Bedroom
	Bedroom
	Laundry room
Main level	Foyer
	Living room
	Dining room
	Kitchen
	Primary Bedroom