339 CHAPEL STREET, Ottawa

2026-01-23
 

Quick Summary

Location
339 CHAPEL STREET, Ottawa, Ontario K1N7Z5
Price
$1,399,880 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2500 - 3000 sqft
Bedrooms:
7
Bathrooms:
4
Garages:
4
Video Link:

MLS®#X12722776

Property Description

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: $98,611 approx, delivering an estimated NOI of $70,205 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. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Public Transit, Schools

Building

  • Amenities: Separate Heating Controls
  • Appliances: Water Heater - Tankless, Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Stove, Washer, Refrigerator
  • Basement Development: Finished
  • Basement Features: Separate entrance, Apartment in basement, Walk out
  • Basement Type: N/A, N/A, Full, N/A (Finished)
  • Cooling Type: Window air conditioner
  • Exterior Finish: Brick
  • Fireplace: Yes
  • Interior Size: 2500 - 3000 sqft
  • Building Type: Fourplex
  • Stories: 2.5
  • Utility Water: Municipal water

Features

  • Feature: Lane, Paved yard

Land

  • Land Size: 33.3 x 100 FT
  • Sewer: Sanitary sewer

Structure

  • Structure: Deck, Porch

Zoning

  • Description: R4H480

Information entered by ROYAL LEPAGE INTEGRITY REALTY
Listing information last updated on: 2026-04-27 19:32:37


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