Mehdi Teimouri
Broker
Right At Home Realty, Brokerage
Independently owned and operated.
1550 16 ave, Richmond Hill , Ontario L4b 3k9
Cell: 647-989-2641Office: 905-695-7888Fax: 905-695-0900
$1,479,000
Available - For Sale
Listing ID: X12321528
339 Chapel Stre , Lower Town - Sandy Hill, K1N 7Z5, Ottawa
| 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 |
| Price | $1,479,000 |
| Taxes: | $8494.00 |
| Occupancy: | Tenant |
| Address: | 339 Chapel Stre , Lower Town - Sandy Hill, K1N 7Z5, Ottawa |
| Directions/Cross Streets: | Corner of Osgoode Street and Chapel Street |
| Rooms: | 20 |
| Bedrooms: | 7 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Separate Ent, Apartment |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Lower | Living Ro | 14.6 | 9.87 | |
| Room 2 | Lower | Kitchen | 16.99 | 11.68 | |
| Room 3 | Lower | Primary B | 13.09 | 9.38 | |
| Room 4 | Lower | Bedroom | 11.18 | 8.59 | |
| Room 5 | Lower | Laundry | 6.1 | 6.69 | |
| Room 6 | Main | Foyer | 7.87 | 3.48 | |
| Room 7 | Main | Living Ro | 13.09 | 8.4 | |
| Room 8 | Main | Dining Ro | 12.99 | 7.28 | |
| Room 9 | Main | Kitchen | 14.07 | 10.07 | |
| Room 10 | Main | Primary B | 16.37 | 12.1 | |
| Room 11 | Second | Living Ro | 10.1 | 9.18 | |
| Room 12 | Second | Dining Ro | 9.87 | 6.3 | |
| Room 13 | Second | Kitchen | 9.87 | 9.09 | |
| Room 14 | Second | Primary B | 11.68 | 10.69 | |
| Room 15 | Second | Bedroom | 10.36 | 10.07 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Lower |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 4 | Third |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 2 1/2 Storey |
| Exterior: | Brick, Other |
| Garage Type: | None |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Lane |
| Park #2 | |
| Parking Type: | Lane |
| Pool: | None |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | Fenced Yard, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| ROYAL LEPAGE INTEGRITY REALTY |
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Mehdi Teimouri
Broker
Dir:
647-989-2641
Bus:
905-695-7888
Fax:
905-695-0900
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4004 - Sandy Hill |
| Style: | 2 1/2 Storey |
| Tax: | $8,494 |
| Beds: | 7 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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