388-390 Chapel Street, Lower Town - Sandy Hill, Ontario K1N 7Z6 is For Sale and has a listing price of 3,509,000. The property is located in the Sandy Hill - Ottawa East neighbourhood . It's been on the website for 27 Days.
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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 09/13/2025 | X12401623 | $3,509,000 | For Sale | - | - |
