Lower Town - Sandy Hill K1N 7Z5 Ontario
MLS: X12321528
Added 37 days ago | For Sale
Listed by: ROYAL LEPAGE INTEGRITY REALTY
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
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Foyer | 7 ft, 10 in x 3 ft, 6 in | |
| Living Room | 13 ft, 1 in x 8 ft, 5 in | ||
| Dining Room | 13 ft x 7 ft, 3 in | ||
| Kitchen | 14 ft, 1 in x 10 ft, 1 in | ||
| Primary Bedroom | 16 ft, 4 in x 12 ft, 1 in | ||
| Second | Living Room | 10 ft, 1 in x 9 ft, 2 in | |
| Dining Room | 9 ft, 11 in x 6 ft, 4 in | ||
| Kitchen | 9 ft, 11 in x 9 ft, 1 in | ||
| Primary Bedroom | 11 ft, 8 in x 10 ft, 8 in | ||
| Bedroom | 10 ft, 4 in x 10 ft, 1 in | ||
| Third | Living Room | 12 ft, 7 in x 11 ft, 1 in | |
| Dining Room | 11 ft, 1 in x 9 ft, 2 in | ||
| Kitchen | 11 ft, 9 in x 10 ft, 10 in | ||
| Primary Bedroom | 12 ft, 4 in x 10 ft, 4 in | ||
| Bedroom | 11 ft, 9 in x 10 ft, 4 in | ||
| Lower | Living Room | 14 ft, 7 in x 9 ft, 11 in | |
| Kitchen | 17 ft x 11 ft, 8 in | ||
| Primary Bedroom | 13 ft, 1 in x 9 ft, 5 in | ||
| Bedroom | 11 ft, 2 in x 8 ft, 7 in | ||
| Laundry | 6 ft, 1 in x 6 ft, 8 in |
No property rooms available.
