339 CHAPEL STREET, Ottawa, Ontario

$1,540,000

7 Beds
4 Baths

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 available (id:56241)

Listing ID: X12211892
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Living room	Second level	3.08 m x 2.8 m
Dining room	Second level	3.01 m x 1.92 m
Kitchen	Second level	3.01 m x 2.77 m
Primary Bedroom	Second level	3.56 m x 3.26 m
Bedroom	Second level	3.16 m x 3.07 m
Living room	Third level	3.84 m x 3.38 m
Dining room	Third level	3.38 m x 2.8 m
Kitchen	Third level	3.59 m x 3.29 m
Primary Bedroom	Third level	3.77 m x 3.16 m
Bedroom	Third level	3.59 m x 3.16 m
Living room	Lower level	4.45 m x 3.01 m
Kitchen	Lower level	5.18 m x 3.56 m
Primary Bedroom	Lower level	3.99 m x 2.86 m
Bedroom	Lower level	3.41 m x 2.62 m
Laundry room	Lower level	1.86 m x 2.04 m
Foyer	Main level	2.4 m x 1.06 m
Living room	Main level	3.99 m x 2.56 m
Dining room	Main level	3.96 m x 2.22 m
Kitchen	Main level	4.29 m x 3.07 m
Primary Bedroom	Main level	4.99 m x 3.69 m

Details

Amenities Nearby: Public Transit, Schools
Community Features: Community Centre, School Bus
Features: Lane, Paved yard
Parking Spaces: 4
Structure: Deck, Porch
Transaction: For sale
Zoning Description: R4H480

Building

Amenities: Separate Heating Controls
Appliances: Water Heater - Tankless, Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Stove, Washer, Refrigerator
BasementType: N/A
Basement Features: Apartment in basement, Separate entrance
Bedrooms Main Level: 7
Cooling: Window air conditioner
Exterior Finish: Brick
Fireplace Present: True
Fireplace Total: 1
Fire Protection: Smoke Detectors
Foundation: Stone
Bathrooms (Total): 4
Heating: Baseboard heaters
Heating Fuel: Natural gas
Size Interior: 2500 - 3000 sqft
Stories Total: 2.5
Type: Fourplex
Utility Water: Municipal water

Land

Amenities: Public Transit, Schools
Fence: Fenced yard
Sewer: Sanitary sewer
Size Frontage: 33 ft ,3 in
Size Irregular: 33.3 x 100 FT

Listing provided by KELLER WILLIAMS INTEGRITY REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 339 CHAPEL STREET in Ottawa Ontario. It was last modified on June 20th, 2025. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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