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521 Chapel Street Ottawa, Ontario K1N 8A1
$699,900
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. (id:53341)
Property Details
| MLS® Number | X12472292 |
| Property Type | Single Family |
| Community Name | 4004 - Sandy Hill |
| Amenities Near By | Public Transit, Park |
| Parking Space Total | 1 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Stove, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 22 Ft ,7 In |
| Size Irregular | 22.6 X 100 Ft ; 0 |
| Size Total Text | 22.6 X 100 Ft ; 0 |
| Zoning Description | R4ua [480] - N4b[480] |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.57 m | 3.4 m | 4.57 m x 3.4 m |
| Second Level | Bedroom | 3.93 m | 2.59 m | 3.93 m x 2.59 m |
| Second Level | Bedroom | 3.63 m | 3.78 m | 3.63 m x 3.78 m |
| Main Level | Living Room | 3.22 m | 3.25 m | 3.22 m x 3.25 m |
| Main Level | Kitchen | 4.87 m | 3.88 m | 4.87 m x 3.88 m |
| Main Level | Dining Room | 3.5 m | 3.63 m | 3.5 m x 3.63 m |
| Main Level | Den | 3.53 m | 3.32 m | 3.53 m x 3.32 m |
Utilities
| Cable | Available |
| Electricity | Available |
| Sewer | Installed |
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February 23 2026 05:23:18
Ottawa Real Estate Board
Royal LePage Integrity Realty
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Patrick Walchuk & George Bradie
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