339 Chapel Street, Lower Town - Sandy Hill, ON K1N 7Z5
Lower Town - Sandy Hill, ON, K1N 7Z5 · 4004 - Sandy Hill
About this property
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.
Features & Amenities
- Basement: Separate Entrance, Apartment, Full, Finished with Walk-Out
- Garage: None
- Cooling: Window Unit(s)
- Heat Type: Baseboard
- Heat Source: Gas
- Style: 2 1/2 Storey
- Construction: Brick, Other
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2 1/2 Storey |
| Bedrooms | 7 |
| Bathrooms | 4 |
| Lot Size | 3,333 Feet |
| Basement | Separate Entrance, Apartment, Full, Finished with Walk-Out |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Baseboard |
| Heat Source | Gas |
| Cooling | Window Unit(s) |
| Sewer | Sewer |
| Annual Tax | $9,095 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- On Demand Water Heater, Separate Heating Controls, Water Heater
- Fireplace
- Yes
Exterior Features
- Exterior Features
- Deck, Porch, Paved Yard
- Pool Features
- None
Building & Construction
- Architectural Style
- 2 1/2 Storey
- Construction Materials
- Brick, Other
- Foundation Details
- Stone
- Roof
- Metal
- Basement
- Separate Entrance, Apartment, Full, Finished with Walk-Out
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Gas
- Cooling
- Window Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Lane
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 3333.00
- Lot Size Units
- Feet
- Lot Depth
- 100.00
- Lot Width
- 33.33
Community & Neighborhood
- Property Features
- Fenced Yard, Public Transit, Rec./Commun.Centre, School Bus Route, School
Financial & Tax
- Tax Annual Amount
- $9,095
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- To Be Arranged
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 20
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 7
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Ottawa
- Cross Street
- Corner of Osgoode Street and Chapel Street
- Directions
- Corner of Osgoode Street and Chapel Street
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
339 Chapel Street, Lower Town - Sandy Hill, ON K1N 7Z5, Lower Town - Sandy Hill, ON, K1N 7Z5