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$ 739,900
Est. payment /mo
New
521 CHAPEL ST Lower Town - Sandy Hill, ON K1N 8A1
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 4004 - Sandy Hill
MLS Listing ID X12472292
Style 2-Storey
Bedrooms 5
Annual Tax Amount $6,782
Tax Year 2025
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Ottawa
Community 4004 - Sandy Hill
Area Ottawa
Zoning R4UA [480] - N4B[480]
Rooms
Family Room Yes
Basement Full, Unfinished
Kitchen 1
Interior
Interior Features Primary Bedroom - Main Floor
Cooling None
Inclusions Stove, Refrigerator, Dishwasher
Exterior
Parking Features Other
Pool None
Roof Type Asphalt Shingle
Lot Frontage 22.63
Lot Depth 100.0
Total Parking Spaces 1
Building
Foundation Stone
Others
Senior Community No
ParcelsYN No
Listed by ROYAL LEPAGE INTEGRITY REALTY
