339 Chapel Street, Ottawa

Bedrooms: 7
Bathrooms: 4
Added: 1 month ago
Updated: 3 weeks ago
Last Checked: 1 week ago
Listed by: ROYAL LEPAGE INTEGRITY REALTY
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Listing description
This Other at 339 Chapel Street Ottawa, ON with the MLS Number x12321528 listed by Sorin Vaduva - ROYAL LEPAGE INTEGRITY REALTY on the Ottawa market 1 month ago at $1,479,000.

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 6.4% 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:1945)

Property Details Key information about 339 Chapel Street

Cooling: Window air conditioner
Heating:
- Baseboard heaters
- Natural gas
Structure Type: Fourplex
Exterior Features: Brick

Interior Features Discover the interior design and amenities

Basement:
- Apartment in basement
- Separate entrance
- N/A
Appliances:
- Washer
- Refrigerator
- Dishwasher
- Stove
- Dryer
- Hood Fan
- Furniture
- Water Heater - Tankless
- Water Heater
Fireplaces Total: 1