339 Chapel Street

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Ottawa , located at 339 Chapel Street, Ottawa. This prime, turnkey fourplex is situated in the heart of the Sandy Hill community, a highly sought-after area renowned for its vibrant atmosphere and proximity to essential amenities. This property is not just a house; it is a well-maintained, tenanted income property that promises strong cash flow and future potential.

At 339 Chapel Street, Ottawa, you will find a solid asset comprising three well-designed two-bedroom units and one exceptionally spacious one-bedroom unit. Each of these units is equipped with separate hydro meters, ensuring that tenants enjoy the convenience of in-unit laundry facilities, updated finishes, and functional layouts that consistently attract quality renters. The building boasts a total of 20 rooms, including four kitchens, and four bathrooms, making it an ideal choice for those looking to invest in a Multi-Family Home for sale in Ottawa.

The financials of this property are impressive. With an estimated gross income of approximately £104,011.09 for 2025 and yearly expenses of £29,966, the property delivers an estimated net operating income (NOI) of £74,045. This figure not only reflects the current performance but also indicates significant room for rent optimisation over time, making this Multi-Family Home for sale in Ottawa an attractive proposition for savvy investors.

Recent improvements to 339 Chapel Street, Ottawa, provide peace of mind and long-term durability. The property features new windows and a metal roof installed in 2021, alongside modernised kitchens and bathrooms, updated flooring, and refreshed decks and porches. Additionally, the building is equipped with an on-demand tankless hot water system, which is available for rental, further enhancing its appeal.

Extra features set this property apart from others in the market. A sauna in the second-floor unit adds a unique touch, while the large rear deck and second-floor balcony offer outdoor spaces for relaxation and enjoyment. The private backyard is perfect for gatherings or quiet moments, and the four on-site parking spaces provide convenience for tenants, with potential for added revenue.

It is worth noting that three of the four units are furnished, with most furnishings included in the sale, excluding those in the basement unit. This adds an additional layer of value to the Multi-Family Home for sale in Ottawa, making it a truly attractive investment opportunity.

The location of 339 Chapel Street, Ottawa, is simply unbeatable. Nestled steps away from the University of Ottawa, residents will benefit from easy access to transit, parks, and the scenic Rideau River, all while being just minutes from downtown. This vibrant community is ideal for attracting quality tenants, ensuring that your investment remains lucrative.

In summary, this Multi-Family Home for sale in Ottawa represents a rare opportunity to acquire a stress-free, well-maintained multifamily asset in an A+ location. It is perfectly suited for investors seeking stable income today, with meaningful upside potential for the future. With its impressive financials, desirable features, and prime location, 339 Chapel Street, Ottawa, is a property that should not be missed. Seize this chance to invest in a thriving community and secure your financial future.

Sandy Hill, located in the heart of Ottawa, is a vibrant and historic neighbourhood known for its charming tree-lined streets and a diverse mix of architectural styles, ranging from elegant Victorian homes to modern condominiums. Nestled close to the Rideau River and just a stone's throw from the University of Ottawa, Sandy Hill offers a lively atmosphere with a rich cultural tapestry, featuring an array of cafés, boutiques, and parks. Residents enjoy easy access to downtown amenities, as well as a strong sense of community spirit, making it an ideal place for those seeking a blend of urban convenience and a welcoming environment. With its proximity to cultural landmarks and green spaces, Sandy Hill is perfect for anyone looking to immerse themselves in the unique character of Canada's capital city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Viscount Alexander Public School, just 0.6 km away, offering elementary education (JK to 6) with a respectable school rating of 5.8. For older elementary students, Glashan Public School is 2.2 km away, although it currently has a school rating of 0. Secondary education options include Lisgar Collegiate Institute, located 1.0 km from the property, which boasts a commendable rating of 7.9. Additionally, Elgin Street Public School (1.5 km away) provides French-language instruction for younger grades, rated at 7.5, while Hopewell Avenue Public School, offering French instruction up to grade 8, is 3.6 km away and holds an impressive rating of 9. For those seeking a Catholic education, Assumption School is 1.6 km away with a rating of 5, and Immaculata High School, 1.8 km away, offers grades 7 to 12 with a rating of 5.8. Overall, the area features a diverse range of schooling options, catering to various educational preferences and needs.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 448 residents, with an average household size of 2.1 individuals. The demographic profile indicates a relatively young community, with an average age of 34.8 years. Economic indicators reveal an average household income of $92,000, although 14% of the population is classified as low-income. The average property price in the area stands at $880,000, reflecting the local real estate market dynamics. A significant portion of the population, 58.75%, is single, while 47.06% of households include children, highlighting a mix of family structures. The community is also characterized by a high percentage of renters, at 70.45%, and a notable absence of condominiums. Educational attainment is relatively high, with 50% of residents holding a college or university degree. However, a substantial 32.95% of the population is not actively participating in the labor force, which may influence the local economy. Additionally, immigrants make up 12.37% of the population, contributing to the area's cultural diversity. Overall, this demographic snapshot provides insight into a vibrant, young community with a mix of family-oriented and single residents.