Jason Ralph

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339 CHAPEL STREET, Ottawa, Ontario

$1,399,880

7 Beds
4 Baths

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)

Listing ID: X12722776
Property Type: Multi-family

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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 Jason Ralph to schedule a viewing or to discover other Ottawa real estate for sale.

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