521 CHAPEL St, Ottawa, K1N 8A1

Home Overview

Description

Turn-Key Investment Opportunity in Sandy Hill! This fully leased, income-generating property offers an impressive $4,485 per month in rental income for the 2025/2026 school season, with a Net Operating Income (NOI) of approximately $47,391 annually and a solid 6.00% cap rate Currently a student rental, and has been for many years with zero vacancy. This 5-bedroom home is perfectly located just steps from the University of Ottawa, Strathcona Park, and the vibrant Downtown Ottawa. The spacious main floor features a bright front bedroom, a cozy living room, a functional kitchen, a 3-piece bathroom, and an additional bedroom at the rear. Upstairs, youll find three generously sized bedrooms and a full bathroom. Nestled in a sought-after neighbourhood with a high walkability score, this property offers convenient access to the Rideau Centre, the Canal, public transit, and a variety of amenities, making it highly attractive to students and young professionals. Whether youre expanding your investment portfolio or searching for a property with steady rental income, this home is a must-see. Redevelopment Potential.

90 days

On Market

Detached

Property Type

$6,782 / Year

Est. Taxes

2-Storey

Style

None

Garage

Full

Basement