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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.
ROYAL LEPAGE INTEGRITY REALTY
MLS®# X12722776 · Last modified 2026-05-11
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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Listing data provided under copyright by the A00001796 and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.
Stephan Gauthier is a Broker with Real Broker Ontario Ltd., Brokerage. Each office independently owned and operated.
| Living Room | Lower | 14' 7" × 9' 11" |
| Kitchen | Lower | 17' × 11' 8" |
| Primary Bedroom | Lower | 13' 1" × 9' 5" |
| Bedroom | Lower | 11' 2" × 8' 7" |
| Laundry | Lower | 6' 1" × 6' 8" |
| Foyer | Main | 7' 10" × 3' 6" |
| Living Room | Main | 13' 1" × 8' 5" |
| Dining Room | Main | 13' × 7' 3" |
| Kitchen | Main | 14' 1" × 10' 1" |
| Primary Bedroom | Main | 16' 4" × 12' 1" |
| Living Room | Second | 10' 1" × 9' 2" |
| Dining Room | Second | 9' 11" × 6' 4" |
| Kitchen | Second | 9' 11" × 9' 1" |
| Primary Bedroom | Second | 11' 8" × 10' 8" |
| Bedroom | Second | 10' 4" × 10' 1" |
| Living Room | Third | 12' 7" × 11' 1" |
| Dining Room | Third | 11' 1" × 9' 2" |
| Kitchen | Third | 11' 9" × 10' 10" |
| Primary Bedroom | Third | 12' 4" × 10' 4" |
| Bedroom | Third | 11' 9" × 10' 4" |
Measurements deemed reliable but not guaranteed.
Estimated monthly payment
$6,877
Down payment: $279,976 · Loan: $1,119,904
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
