388-390 Chapel Ottawa, Ontario K1N7Z6, Ottawa home/condo for sale | X12401623

Photos

Video

360 Tour

Map

Property Description

Outstanding investment opportunity in the heart of Sandy Hill, just steps from the University of Ottawa. 388-390 Chapel consists of two fully renovated triplexes built in identical style from the ground up. Each building offers a 5-bedroom, 2-bathroom unit on the main level, a 3-bedroom, 1-bathroom unit on the second floor, and a 4-bedroom, 1-bathroom unit on the third floor. All units are furnished and operated on an all-inclusive rental model, making them highly attractive to students and young professionals while minimizing vacancy risk. The property produces a gross annual income of $266,952 and a Net Operating Income of $192,956, translating into a solid 5.5% cap rate. With upgraded infrastructure, modern finishes, and efficient building systems, the asset is positioned for long-term stability with reduced operating costs. The location further strengthens the investment case, boasting a 90 Walk Score, 80 Transit Score, and 94 Bike Score, ensuring tenants have immediate access to campus, the ByWard Market, cafés, restaurants, shopping, and everyday amenities. For investors seeking a turnkey, high-performing property in one of Ottawas most established rental markets, 388-390 Chapel delivers strong current income, desirable location, and long-term appreciation potential. (id:26452)

House located at 388-390 Chapel Ottawa, Ontario K1N7Z6. 388-390 Chapel Ottawa, Ontario K1N7Z6 is in the 4004 - Sandy Hill neighborhood. Pineview, The Glebe, and Findlay Creek are nearby neighbourhoods.

Agent Contact: Adam Pearce Phone: +16138993008
Listing Courtesy of: COLDWELL BANKER RHODES & COMPANY
Source: crea , MLS#: X12401623

Property Description

Here to help with your Real Estate inquiries

Message successfully sent!