Mirna Botros
613-600-2626339 Chapel Street - $1,479,000
339 Chapel Street - $1,479,000
339 Chapel Street
$1,479,000
4004 - Sandy Hill
Ottawa, OntarioK1N7Z5
7 beds
4 baths
4 parking
MLS#: X12321528Listed: 1 day agoUpdated:1 day ago
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 6.4% 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: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
- $8,494
- 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
- 1
- Basement
- Apartment in basement, Separate entrance, 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, OntarioMap
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