521 Chapel Street, Ottawa, Ontario, K1N8A1
Details
- Listing ID: X12472292
- Price: $699,900
- Address: 521 Chapel Street, Ottawa, Ontario K1N8A1
- Bedrooms: 5
- Full Bathrooms: 2
- Stories: 2
- Property Type: Single Family
- Heating: Electric, Baseboard Heaters
Description
Property will be Vacant May 1 2026. An exceptional opportunity for investors, This has been a student long term rental for many years. $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:22130)
Rooms
| Level | Room | Dimensions |
|---|---|---|
| Second level | Bedroom | 3.63 m x 3.78 m |
| Bedroom | 3.93 m x 2.59 m | |
| Primary Bedroom | 4.57 m x 3.4 m | |
| Main level | Den | 3.53 m x 3.32 m |
| Dining room | 3.5 m x 3.63 m | |
| Kitchen | 4.87 m x 3.88 m | |
| Living room | 3.22 m x 3.25 m |
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