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: $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. (id:39198)
Features & Details
Key Summary
- Style: Fourplex
- Property Class: CommercialProperty
- Last Status: New
- Days on Market: 3
- Bedrooms: 5 + 2
- Bathrooms: 4
- Heating: Baseboard heaters, Natural gas
- Cooling: Window air conditioner
- Basement: Finished, Full, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A
- Extras / Inclusions: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Furniture, Water Heater - Tankless, Water Heater
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living room | Lower level | 4.45 x 3.01 | |
| Living room | Second level | 3.08 x 2.8 | |
| Kitchen | Lower level | 5.18 x 3.56 | |
| Dining room | Second level | 3.01 x 1.92 | |
| Kitchen | Second level | 3.01 x 2.77 | |
| Primary Bedroom | Second level | 3.56 x 3.26 | |
| Bedroom | Second level | 3.16 x 3.07 | |
| Living room | Third level | 3.84 x 3.38 | |
| Dining room | Third level | 3.38 x 2.8 | |
| Kitchen | Third level | 3.59 x 3.29 | |
| Primary Bedroom | Third level | 3.77 x 3.16 | |
| Bedroom | Third level | 3.59 x 3.16 | |
| Primary Bedroom | Lower level | 3.99 x 2.86 | |
| Bedroom | Lower level | 3.41 x 2.62 | |
| Laundry room | Lower level | 1.86 x 2.04 | |
| Foyer | Main level | 2.4 x 1.06 | |
| Living room | Main level | 3.99 x 2.56 | |
| Dining room | Main level | 3.96 x 2.22 | |
| Kitchen | Main level | 4.29 x 3.07 | |
| Primary Bedroom | Main level | 4.99 x 3.69 |
- Exterior Construction: Brick
- Foundation: Stone
- Lot Dimensions: 33.3 x 100 FT
- Lot Features: Lane, Paved yard
- Water Source: Municipal water
- Sewer: Sanitary sewer
- Total Parking Spaces: 4
- MLS® Number: X12722776
- Listed On: Jan 23, 2026
- Last Status: New
- Days on Market: 3
- Updated On: Jan 23, 2026 08:30
- Brokerage: ROYAL LEPAGE INTEGRITY REALTY
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