521 CHAPEL STREET, Ottawa, Ontario, K1N 8A1

$739,900

MLS® # X12472292

House For Sale In Sandy Hill - Ottawa East, Ottawa, Ontario

$739,900

  • 5

    Bedrooms

  • 2

    Baths

  • 22.6 x 100 FT ; 0

    Lot Size

Property Information:

Turn-Key Investment in the Heart of Sandy Hill! An exceptional opportunity for investors, this fully leased property generates $4,485/month in rental income for the 2025/2026 school year, delivering an estimated Net Operating Income of $47,391 annually and a 6.0% cap rate. Currently operated as a student rental with zero vacancy history, this five-bedroom home is ideally situated steps from the University of Ottawa, Strathcona Park, and the Downtown core. The main level features a bright front bedroom, a welcoming living room, a functional kitchen, a full 3-piece bath, and a second bedroom at the rear. Upstairs, you'll find three spacious bedrooms and another full bath. Located in a high-demand neighbourhood with an excellent walk score, residents enjoy easy access to the Rideau Canal, Rideau Centre, public transit, and an array of local amenities - making it especially appealing to students and young professionals. Whether you're expanding your portfolio or seeking a steady income property in a proven location, this home is a must-see. Potential for future redevelopment adds even greater value. (id:7525)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Unfinished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Floor Space: 1100 - 1500 sqft
  • Foundation Type: Stone
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Cooling Type: None
  • Appliances: Dishwasher, Stove, Refrigerator

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 5
  • Bathrooms: 2
  • Amenities Nearby: Public Transit, Park
  • Floor Space (approx): 1100 - 1500 Square Feet
  • Irregular: Yes
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 22.6 Feet
  • Lot Size: 22.6 x 100 FT ; 0
  • Utility Type: Cable - Available, Hydro - Available, Sewer - Installed
  • Zoning: R4UA [480] - N4B[480]
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 1

Rooms:

  • Primary Bedroom 2nd Level 4.57 m x 3.40 m
  • Bedroom 2nd Level 3.93 m x 2.59 m
  • Bedroom 2nd Level 3.63 m x 3.78 m
  • Living Main Level 3.22 m x 3.25 m
  • Kitchen Main Level 4.87 m x 3.88 m
  • Dining Main Level 3.50 m x 3.63 m
  • Den Main Level 3.53 m x 3.32 m

Courtesy of: Royal LePage Integrity Realty

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Additional Photos