339 Chapel Street, Ottawa, Ontario K1N 7Z5 (29282023)

7 Bedrooms

4 Bathrooms

2,500 - 3,000 sqft Interior

4 Parking spaces

33.3 X 100 Ft Lot size

Fireplace Window Air Conditioner Baseboard Heaters

About this home

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: $98,611 approx, delivering an estimated NOI of $70,205 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:28469)

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Facts & features

Property

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

Building

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: 2,500 - 3,000 Sqft
Type: Fourplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

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

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Rooms

Second Level

Living Room 3.08 m x 2.8 m
Dining Room 3.01 m x 1.92 m
Kitchen 3.01 m x 2.77 m
Primary Bedroom 3.56 m x 3.26 m
Bedroom 3.16 m x 3.07 m

Third Level

Living Room 3.84 m x 3.38 m
Dining Room 3.38 m x 2.8 m
Kitchen 3.59 m x 3.29 m
Primary Bedroom 3.77 m x 3.16 m
Bedroom 3.59 m x 3.16 m

Lower Level

Living Room 4.45 m x 3.01 m
Kitchen 5.18 m x 3.56 m
Primary Bedroom 3.99 m x 2.86 m
Bedroom 3.41 m x 2.62 m
Laundry Room 1.86 m x 2.04 m

Main Level

Foyer 2.4 m x 1.06 m
Living Room 3.99 m x 2.56 m
Dining Room 3.96 m x 2.22 m
Kitchen 4.29 m x 3.07 m
Primary Bedroom 4.99 m x 3.69 m

Location

339 Chapel Street, Ottawa, Ontario K1N 7Z5 · Get directions