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:2493)
Property Type:
Multi-family
Property Attached:
Yes
Living Area (Min):
2,500 sq. ft.232 m2
Living Area (Max):
3,000 sq. ft.279 m2
Zoning:
R4H480
Taxes:
$9,095 /
-
Community:
4004 - Sandy Hill
Features:
Separate Heating Controls
Exterior Features:
Brick
Community Features:
School Bus, Community Centre
Security Features:
Smoke Detectors
Structure Type:
Fourplex
Appliances Included:
Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Furniture, Water Heater - Tankless, Water Heater
Bedrooms:
7
Bedrooms Above Grade:
7
Bathrooms:
4.0
Cooling:
Window air conditioner
Fireplace:
Yes
Foundation:
Stone
Heating:
Baseboard heaters, Natural gas
# Storeys:
2.5
Water:
Municipal water
Sewer:
Sanitary sewer
Basement:
Finished, Full, Apartment in basement, Separate entrance, Walk out, N/A
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