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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.
Stove, Refrigerator, Dishwasher
City: Ottawa
Neighborhood: Sandy Hill
Purchase Price | $789900 |
Down Payment | $157980 |
Mortgage Insurance | $0 |
Total Mortgage | $631920 |
Mortgage Payment | $3894 |
Property Taxes | $565 |
Maintenance Fees | $0 |
Monthly Payment | $4459 |
Sold Comparables homes near CHAPEL St, Ottawa
Located at 521 Chapel St , this Ottawa house is available for sale. This property was listed for $789,900 on Thu Jul 03 2025. This house's size is 1100-1500 Sqft. It has 5 bedrooms and 2 bathrooms. The property includes the following rooms: Living, Kitchen, Dining, Den, Primary, Br, Br. This property comes with 2 parking spots. 521 Chapel St, Ottawa is situated in the Sandy Hill neighbourhood.
MLS#: X12223730 · $789,900 · 5 bedroom house in Sandy Hill, Ottawa