ON > Lower Town - Sandy Hill > 4004 - Sandy Hill
Lower Town - Sandy Hill, ON K1N 7Z6,388-390 Chapel ST
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Lower Town - Sandy Hill, ON K1N 7Z6,388-390 Chapel ST,Video Tour
Lower Town - Sandy Hill, ON K1N 7Z6,388-390 Chapel ST
Lower Town - Sandy Hill, ON K1N 7Z6,388-390 Chapel ST
Lower Town - Sandy Hill, ON K1N 7Z6,388-390 Chapel ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 3,509,000
Est. payment /mo
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388-390 Chapel ST Lower Town - Sandy Hill, ON K1N 7Z6

3,842 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 3,842 sqft

Price per Sqft $913

Subdivision 4004 - Sandy Hill

MLS Listing ID X12401623

Annual Tax Amount $17,519

Tax Year 2025

Property Sub-Type Investment

Lot Depth 73.37

Lot Front 52.5

Property Description

Outstanding investment opportunity in the heart of Sandy Hill, just steps from the University of Ottawa. 388-390 Chapel consists of two fully renovated triplexes built in identical style from the ground up. Each building offers a 5-bedroom, 2-bathroom unit on the main level, a 3-bedroom, 1-bathroom unit on the second floor, and a 4-bedroom, 1-bathroom unit on the third floor. All units are furnished and operated on an all-inclusive rental model, making them highly attractive to students and young professionals while minimizing vacancy risk. The property produces a gross annual income of $266,952 and a Net Operating Income of $192,956, translating into a solid 5.5% cap rate. With upgraded infrastructure, modern finishes, and efficient building systems, the asset is positioned for long-term stability with reduced operating costs. The location further strengthens the investment case, boasting a 90 Walk Score, 80 Transit Score, and 94 Bike Score, ensuring tenants have immediate access to campus, the ByWard Market, cafés, restaurants, shopping, and everyday amenities. For investors seeking a turnkey, high-performing property in one of Ottawas most established rental markets, 388-390 Chapel delivers strong current income, desirable location, and long-term appreciation potential.

Location

Province ON

County Ottawa

Community 4004 - Sandy Hill

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 52.5

Lot Depth 73.37

Others

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Listed by SLEEPWELL REALTY GROUP LTD
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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388-390 Chapel ST

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