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Gary Underwood

garywunderwood@gmail.com +1(613) 862-3420

$ 1,540,000

Est. payment | -/mo

7 Beds

4 Baths

Save Virtual Tour

$ 1,540,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 4004 - Sandy Hill

MLS Listing ID X12211892

Style 2 1/2 Storey

Bedrooms 7

Annual Tax Amount $8,494

Tax Year 2024

Property Sub-Type Fourplex

Property Description

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

Location

Province ON

County Ottawa

Community 4004 - Sandy Hill

Area Ottawa

Zoning R4H480

Rooms

Basement Separate Entrance, Apartment

Kitchen 4

Interior

Interior Features On Demand Water Heater, Separate Heating Controls, Water Heater

Cooling Window Unit(s)

Fireplaces Number 1

Inclusions 4 Refrigerators, 4 stoves, 3 hood fans, 4 washers and 4 dryers, 3 dishwashers, All light fixtures, All Furniture in all units except basement unit, floor plans, professional pictures

Exterior

Exterior Feature Deck, Porch, Paved Yard

Parking Features None

Pool None

Roof Type Metal

Total Parking Spaces 4

Building

Foundation Stone

Others

Virtual Tour https://my.matterport.com/show/?m=2WDockmhHjB

Lited by KELLER WILLIAMS INTEGRITY REALTY

339 Chapel ST Lower Town - Sandy Hill, ON K1N 7Z5