$1,540,000
339 Chapel Street, LowerTownSandyHill, ON K1N 7Z5
4004 - Sandy Hill, Lower Town - Sandy Hill,
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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
- HoldoverDays: 90
- Architectural Style: 2 1/2 Storey
- Property Type: Residential Freehold
- Property Sub Type: Fourplex
- DirectionFaces: East
- GarageType: None
- Directions: Corner of Osgoode Street and Chapel Street
- Tax Year: 2024
- Parking Features: Lane
- ParkingSpaces: 4
- Parking Total: 4
- WashroomsType1: 1
- WashroomsType1Level: Lower
- WashroomsType2: 1
- WashroomsType2Level: Main
- WashroomsType3: 1
- WashroomsType3Level: Second
- WashroomsType4: 1
- WashroomsType4Level: Third
- BedroomsAboveGrade: 7
- Fireplaces Total: 1
- Interior Features: On Demand Water Heater, Separate Heating Controls, Water Heater
- Basement: Separate Entrance, Apartment
- Cooling: Window Unit(s)
- HeatSource: Gas
- HeatType: Baseboard
- ConstructionMaterials: Brick, Other
- Exterior Features: Deck, Porch, Paved Yard
- Roof: Metal
- Pool Features: None
- Sewer: Sewer
- Foundation Details: Stone
- Parcel Number: 042080207
- LotSizeUnits: Feet
- LotDepth: 100
- LotWidth: 33.33
- PropertyFeatures: Fenced Yard, Public Transit, Rec./Commun.Centre, School Bus Route, School
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