521 CHAPEL STREET|Ottawa, Ontario K1N8A1

MLS Number: X12472292

Property Details: • Type: Single Family • Ownership Type: Freehold • Bedrooms: 5 • Bathrooms: 2 • Building Type: House • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: No Garage • Parking Spaces: N/A

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. (41483101)

Agent Information: • Agents: Josh West; Larissa Chambers • Contact: 613-801-5684; 613-801-8335 • Brokerage: ROYAL LEPAGE INTEGRITY REALTY; ROYAL LEPAGE INTEGRITY REALTY • Website: https://royallepageintegrity.ca/; https://royallepageintegrity.ca/

Time on Realtor: 3 days ago