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368 Chapel St 7 Unit Apartment Building $3,118,259 USD ($445,466 USD/Unit) 4.77% Cap Rate Ottawa, ON K1N 7Z6
Investment Highlights
- Newly Constructed
- All units have central air except unit 7 in the lower level
- Located in Sandy Hill near the University of Ottawa
- Excellent finishes on all units, with self-contained unit Hydro/Heating
- Door entry system to all apartments
- Walking distance to Rideau Street, the Rideau Center, Byward Market, O Train Station, and frequent bus lines
Executive Summary
Fantastic investment property in the heart of Sandy Hill. This purpose-built 7-unit has higher end finishes with all of the modern touches. Open-concept kitchen, living and dining rooms. LED pot lights and exposed ductwork. Quartz counters, modern tile and SS appliances in the kitchen. Each unit is self-contained with its own furnace, hydro meter, on-demand hot water tank, and 1-piece stacked washer/dryer. All units have central air, except Unit 7 on the lower level. Pictures of units were staged and prior to current tenants moving in.
Property Facts
| Price | $3,118,259 USD | Building Class | B |
| Price Per Unit | $445,466 USD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 6,156 SF |
| Cap Rate | 4.77% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4UB - Residential Fourth Density Urban | ||
| Price | $3,118,259 USD |
| Price Per Unit | $445,466 USD |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 6,156 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R4UB - Residential Fourth Density Urban |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Security System
- Kitchen
- Instant Hot Water
Site Amenities
- Security System
- Video Patrol
- Recycling
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (93)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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368 Chapel St
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