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:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Living room | Second level | 3.08 m x 2.8 m |
| Dining room | Second level | 3.01 m x 1.92 m |
| Kitchen | Second level | 3.01 m x 2.77 m |
| Primary Bedroom | Second level | 3.56 m x 3.26 m |
| Bedroom | Second level | 3.16 m x 3.07 m |
| Living room | Third level | 3.84 m x 3.38 m |
| Dining room | Third level | 3.38 m x 2.8 m |
| Kitchen | Third level | 3.59 m x 3.29 m |
| Primary Bedroom | Third level | 3.77 m x 3.16 m |
| Bedroom | Third level | 3.59 m x 3.16 m |
| Living room | Lower level | 4.45 m x 3.01 m |
| Kitchen | Lower level | 5.18 m x 3.56 m |
| Primary Bedroom | Lower level | 3.99 m x 2.86 m |
| Bedroom | Lower level | 3.41 m x 2.62 m |
| Laundry room | Lower level | 1.86 m x 2.04 m |
| Foyer | Main level | 2.4 m x 1.06 m |
| Living room | Main level | 3.99 m x 2.56 m |
| Dining room | Main level | 3.96 m x 2.22 m |
| Kitchen | Main level | 4.29 m x 3.07 m |
| Primary Bedroom | Main level | 4.99 m x 3.69 m |
Details
- Amenities Nearby: Public Transit, Schools
- Community Features: Community Centre, School Bus
- Equipment: Water Heater, Water Heater - Tankless
- Features: Lane, Paved yard
- Parking Spaces: 4
- Rental Equipment: Water Heater, Water Heater - Tankless
- Structure: Deck, Porch
- Transaction: For sale
- Zoning Description: R4H480
Building
- Amenities: Separate Heating Controls
- Appliances: Water Heater - Tankless, Water Heater, Dishwasher, Dryer, Furniture, Hood Fan, Stove, Washer, Refrigerator
- BasementType: N/A, N/A, Full, N/A (Finished)
- Basement Development: Finished
- Basement Features: Separate entrance, Apartment in basement, Walk out
- Bedrooms Main Level: 7
- Cooling: Window air conditioner
- Exterior Finish: Brick
- Fireplace Present: True
- Fire Protection: Smoke Detectors
- Foundation: Stone
- Bathrooms (Total): 4
- Heating: Baseboard heaters
- Heating Fuel: Natural gas
- Size Interior: 2500 - 3000 sqft
- Stories Total: 2.5
- Type: Fourplex
- Utility Water: Municipal water
Land
- Amenities: Public Transit, Schools
- Fence: Fenced yard
- Sewer: Sanitary sewer
- Size Frontage: 33 ft ,3 in
- Size Irregular: 33.3 x 100 FT
Listing provided by ROYAL LEPAGE INTEGRITY REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 339 CHAPEL STREET in Ottawa Ontario. It was last modified on January 22nd, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.