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$4,295,000
Available - For Sale
Listing ID: X9515908
Welcome to 388-390 Chapel, a rare & unique opportunity to add one of Ottawa's most lucrative & turn key investments located in Popular Sandy Hill to your portfolio. This 6 unit building has been completely transformed in 2021 and offers 2x 5bed, 2x 4bed & 2x 3 bed units for a total of 24 beds. All units are equipped with in unit laundry, are fully furnished & are inclusive of utilities. All units have separate hydro metres which can reduce expenses on new leases. Combination of high quality finishes & appliances, premium furniture and an ideal location just steps to Ottawa University, Srathcona Park, Ottawa River, Rideau Centre, transit & easy access to the Byward Market makes this an ideal fit for all tenants. Rarely any vacancies & always in high demand, don't miss your chance at this wonderful investment opportunity. Smart locks to all units & Security cameras included. Matterport 3D tours of all units, floorpans & more available upon request.
Price $4,295,000
Taxes: $11,522
Occupancy by: Tenant
Address: 388 CHAPEL St , Lower Town - Sandy Hill, K1N 7Z6, Ontario
Postal Code: K1N 7Z6
Province/State: Ontario
Legal Description: PART LOT 21, PLAN 58319, PARTS 1, 2, 3 &
Lot Size: 52.44 x 73.32 (Feet)
Directions/Cross Streets: Chapel St south from Laurier Ave. E. 388-390 Chapel is located in between Osgoode and Somerset St. E
Zoning: R4UB
Category: Apartment
Insurance Expense: $5031
Water Expense: $3296
Gross Income/Sales: $251557
Net Income Before Debt: $196298
Heat Type: Forced Air
Central Air Conditioning: Central Air
Sewers: Sewers
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ENGEL & VOLKERS OTTAWA

388 CHAPEL St , Lower Town - Sandy Hill, K1N 7Z6, Ontario


 
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Type: Com - Investment
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4004 - Sandy Hill
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Lot Size: 52.44 x 73.32(Feet)
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Tax: $11,522
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