$1,399,880
Available - For Sale
Listing ID: X12722776
339 Chapel Street , Lower Town - Sandy Hill, K1N 7Z5, Ottawa
| 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. |
| Price | $1,399,880 |
| Taxes: | $9095.00 |
| Occupancy: | Tenant |
| Address: | 339 Chapel Street , Lower Town - Sandy Hill, K1N 7Z5, Ottawa |
| Directions/Cross Streets: | Corner of Osgoode Street and Chapel Street |
| Rooms: | 20 |
| Bedrooms: | 7 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Separate Ent, Apartment |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Lower | Living Ro | 14.6 | 9.87 | |
| Room 2 | Lower | Kitchen | 16.99 | 11.68 | |
| Room 3 | Lower | Primary B | 13.09 | 9.38 | |
| Room 4 | Lower | Bedroom | 11.18 | 8.59 | |
| Room 5 | Lower | Laundry | 6.1 | 6.69 | |
| Room 6 | Main | Foyer | 7.87 | 3.48 | |
| Room 7 | Main | Living Ro | 13.09 | 8.4 | |
| Room 8 | Main | Dining Ro | 12.99 | 7.28 | |
| Room 9 | Main | Kitchen | 14.07 | 10.07 | |
| Room 10 | Main | Primary B | 16.37 | 12.1 | |
| Room 11 | Second | Living Ro | 10.1 | 9.18 | |
| Room 12 | Second | Dining Ro | 9.87 | 6.3 | |
| Room 13 | Second | Kitchen | 9.87 | 9.09 | |
| Room 14 | Second | Primary B | 11.68 | 10.69 | |
| Room 15 | Second | Bedroom | 10.36 | 10.07 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Lower |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 4 | Third |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Lower |
| Washroom Type 7 | 4 | Main |
| Washroom Type 8 | 4 | Second |
| Washroom Type 9 | 4 | Third |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Lower |
| Washroom Type 12 | 4 | Main |
| Washroom Type 13 | 4 | Second |
| Washroom Type 14 | 4 | Third |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Lower |
| Washroom Type 17 | 4 | Main |
| Washroom Type 18 | 4 | Second |
| Washroom Type 19 | 4 | Third |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | Lower |
| Washroom Type 22 | 4 | Main |
| Washroom Type 23 | 4 | Second |
| Washroom Type 24 | 4 | Third |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 4 | Lower |
| Washroom Type 27 | 4 | Main |
| Washroom Type 28 | 4 | Second |
| Washroom Type 29 | 4 | Third |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 4 | Lower |
| Washroom Type 32 | 4 | Main |
| Washroom Type 33 | 4 | Second |
| Washroom Type 34 | 4 | Third |
| Washroom Type 35 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 2 1/2 Storey |
| Exterior: | Brick, Other |
| Garage Type: | None |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Lane |
| Park #2 | |
| Parking Type: | Lane |
| Pool: | None |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | Fenced Yard, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| ROYAL LEPAGE INTEGRITY REALTY |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4004 - Sandy Hill |
| Style: | 2 1/2 Storey |
| Tax: | $9,095 |
| Beds: | 7 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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