For Sale - 339 Chapel Street, Lower Town - Sandy Hill, Ontario

Est payment $6,722/mo
Views   1
Time on Jump  68 day
  • Turnkey fourplex in a popular rental neighborhood near the university.
  • Three 2-bedroom units and one spacious 1-bedroom unit attract quality renters.
  • Updated kitchens, bathrooms, and flooring provide modern living spaces.
  • On-site parking and private backyard add extra value for tenants.
  • Strong cash flow with potential for rent optimization in the future.



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.
Listing IDX12722776
Address339 Chapel Street
CityLower Town - Sandy Hill, Ontario
Price$1,399,880
Bed / Bath7 / 4 Full
Style2 1/2 Storey, Fourplex
ConstructionBrick, Other
Land Size3333
TypeMulti-Family
StatusFor Sale
Subtype FourplexIndoor Features On Demand Water Heater, Separate Heating Controls, Water HeaterOutdoor Features Deck, Porch, Paved YardAmenities Fenced Yard, Public Transit, Rec./Commun.Centre, School Bus Route, SchoolOwnership FreeholdAppliances Multiple EntrancesBasement Separate Entrance, Apartment, Full, Finished with Walk-OutFoundation StoneHeating / Cooling BaseboardHeating Fuel GasSewer Sewer
Parking 4.00
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Listing Agency:  ROYAL LEPAGE INTEGRITY REALTY

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339 Chapel Street
Lower Town - Sandy Hill , Ontario
7 4 $1,399,880
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