$1,399,880
FOR SALE

Fourplex 2 1/2 Storey

Bedrooms: 7Bathrooms: 4Lot: 33.33 x 100 ft
2025 Taxes: $9,095

339 Chapel St
Lower Town - Sandy Hill, ON K1N 7Z5 | 4004 - Sandy Hill | Ottawa

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.
Extras
On Demand Water Heater, Separate Heating Controls, Water Heater
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Listed By ROYAL LEPAGE INTEGRITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12722776
Last Updated May 11, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 042080207
Legal Description PT LTS 15 & 16, PL 55758 , E/S CHAPEL ST, AS IN N490482 ; OTTAWA/NEPEAN
Possession Date To Be Arranged
Taxes (2025) $9,095
Directions/Cross Streets Corner of Osgoode Street and Chapel Street
Neighbourhood 4004 - Sandy Hill
Area Ottawa
Price History

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Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 7
Bathrooms 4
Lot 33.33 x 100 ft
Exterior Brick
Air Conditioning Window Unit(s)
Family Room Y
Fireplace/Stove Y
Basement Separate Entrance, Apartment, Full, Finished with Walk-Out
Garage Type None
Parking Spaces 4
Heat Source Gas
Heat Type Baseboard
Sewers Sewer

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