$4,295,000
Available - For Sale
Listing ID: X9515908
388 CHAPEL St , Lower Town - Sandy Hill, K1N 7Z6, Ontario
| 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: | $11522.00 |
| 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 |
| 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 |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4004 - Sandy Hill |
| Lot Size: | 52.44 x 73.32(Feet) |
| Tax: | $11,522 |
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