388 CHAPEL Street, Lower Town - Sandy Hill | Image 1

388 CHAPEL Street

Lower Town - Sandy Hill, 4004 - Sandy Hill

  • Commercial

$4,295,000
For Sale

Added 4 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R4UB

  • Age: No Data

  • Taxes: 11522

  • MLS®#: X9515908

  • Days on Site: 142 Days

  • Added: Jun 28, 2024 (4 months ago)

  • Updated:

  • Last Checked: 8 hours ago

  • Listed By: ENGEL & VOLKERS OTTAWA

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 196298

  • Area: Lower Town - Sandy Hill

  • Community: 4004 - Sandy Hill

  • Availability Date: FLEX

Inside

  • Air Conditioning: Central Air

Building

  • Heat Type: Forced Air

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 1

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART LOT 21, PLAN 58319, PARTS 1, 2, 3 & 4 , 5R7358 , W/S CHAPEL

  • Taxes: $11,522

  • Insurance Fee: 5031

  • Water Fees: 3296

Land

  • Cross Street: Chapel St south from

  • Municipality District: Lower Town - Sandy Hill

  • Parcel Number: 042080322

  • Sewer: Sewers

  • Lot Depth: 73.32 Feet

  • Lot Frontage: 52.44 Feet

  • Zoning: R4UB

Commercial Specific

  • Gross Income/Sales: 251557

Map of 388 CHAPEL Street, Lower Town - Sandy Hill
JK-6

École élémentaire publique Mauril-Bélanger

Elementary: Public
1.14 km
JK-6

Viscount Alexander Public School

Elementary: Public
0.45 km
JK-8

École élémentaire catholique Sainte-Anne

Elementary: Catholic
1.04 km
JK-8

York Street Public School

Elementary: Public
1.03 km
JK-6

Lady Evelyn Alternative School

Elementary: Public
1.43 km
JK-6

École élémentaire publique Francojeunesse

Elementary: Public
0.51 km
9-12

Richard Pfaff Secondary Alternate Site

Secondary: Public
2.62 km
9-12

Ottawa Technical Secondary School

Secondary: Public
2.36 km
9-12

Immaculata High School

Secondary: Catholic
1.59 km
9-12

École secondaire publique De La Salle

Secondary: Public
1.39 km
Pre-Grade 9-12

Lisgar Collegiate Institute

Secondary: Public
1.05 km
Pre-Grade 9-12

Glebe Collegiate Institute

Secondary: Public
3.01 km
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