339 Chapel St, Home with 7 bedrooms, 4 bathrooms and 4 parking in Ottawa ON | Image 1

$1,540,000

339 Chapel St, Ottawa, ON

Real Estate

For Sale

$--,---,---

744

Key Facts
Description
Rooms
Map

Key Facts

Type Quadruplex

Levels Residential

Size -

Garage No

Taxes $8,494

Days Active 5

Lot Size

Approx. Age

MLS® Number X12211892

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

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 6.11% 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 availableShow Description

MLS® NumberX12211892

Laundry Level

Central VacNo

FireplaceNo

Acreage

ExteriorDeck, Porch, Paved Yard

GarageNo

Approx. Age

BasementSeparate Entrance, Apartment

DrivewayGarage Type:None

Garage Spaces

HeatGas, Baseboard

A/CWindow Unit(s)

Heating Fuel

Extras

Similar Listings

Get notified of price or status changes by saving this listing