339 Chapel Street Ottawa, Ontario K1N 7Z5
$1,540,000
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:19720)
Property Details
| MLS® Number | X12211892 |
| Property Type | Multi-family |
| Community Name | 4004 - Sandy Hill |
| Amenities Near By | Public Transit, Schools |
| Community Features | Community Centre, School Bus |
| Features | Lane, Paved Yard |
| Parking Space Total | 4 |
| 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 Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 2,500 - 3,000 Ft2 |
| 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 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Living Room | 3.08 m | 2.8 m | 3.08 m x 2.8 m |
| Second Level | Dining Room | 3.01 m | 1.92 m | 3.01 m x 1.92 m |
| Second Level | Kitchen | 3.01 m | 2.77 m | 3.01 m x 2.77 m |
| Second Level | Primary Bedroom | 3.56 m | 3.26 m | 3.56 m x 3.26 m |
| Second Level | Bedroom | 3.16 m | 3.07 m | 3.16 m x 3.07 m |
| Third Level | Living Room | 3.84 m | 3.38 m | 3.84 m x 3.38 m |
| Third Level | Dining Room | 3.38 m | 2.8 m | 3.38 m x 2.8 m |
| Third Level | Kitchen | 3.59 m | 3.29 m | 3.59 m x 3.29 m |
| Third Level | Primary Bedroom | 3.77 m | 3.16 m | 3.77 m x 3.16 m |
| Third Level | Bedroom | 3.59 m | 3.16 m | 3.59 m x 3.16 m |
| Lower Level | Living Room | 4.45 m | 3.01 m | 4.45 m x 3.01 m |
| Lower Level | Kitchen | 5.18 m | 3.56 m | 5.18 m x 3.56 m |
| Lower Level | Primary Bedroom | 3.99 m | 2.86 m | 3.99 m x 2.86 m |
| Lower Level | Bedroom | 3.41 m | 2.62 m | 3.41 m x 2.62 m |
| Lower Level | Laundry Room | 1.86 m | 2.04 m | 1.86 m x 2.04 m |
| Main Level | Foyer | 2.4 m | 1.06 m | 2.4 m x 1.06 m |
| Main Level | Living Room | 3.99 m | 2.56 m | 3.99 m x 2.56 m |
| Main Level | Dining Room | 3.96 m | 2.22 m | 3.96 m x 2.22 m |
| Main Level | Kitchen | 4.29 m | 3.07 m | 4.29 m x 3.07 m |
| Main Level | Primary Bedroom | 4.99 m | 3.69 m | 4.99 m x 3.69 m |
https://www.realtor.ca/real-estate/28450031/339-chapel-street-ottawa-4004-sandy-hill
Contact Us
Contact us for more information
Sorin Vaduva
Salesperson
www.youtube.com/embed/Hkees8xQvsg
www.youtube.com/embed/B9CJ26XFsOY
www.soldbysorin.com/
www.facebook.com/sorinvaduvarealestate/?view_public_for=454552527991868
twitter.com/soldbysorin
www.linkedin.com/in/sorin-claudiu-vaduva-cne®-02600640
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1
(613) 829-1818
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 11 2025 02:05:08
Ottawa Real Estate Board
Keller Williams Integrity Realty