289 Wilbrod Street
4003 - Sandy Hill, Lower Town - Sandy Hill, K1N 6M3
FOR SALE
$1,800,000
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8
BEDROOMS4
BATHROOMS4
KITCHENS12
ROOMSX13102090
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Property Description
Discover an exceptional opportunity to own a beautifully updated fourplex in the heart of downtown, just steps from the local university. This prime location offers unbeatable walkability, making it highly desirable for both tenants and owner-occupiers alike. The main floor features a stunning, owner-occupied three-bedroom residence, thoughtfully renovated to blend modern comfort with timeless character. Grand ceilings and expansive windows flood the space with natural light, creating an elegant and inviting atmosphere. Another feature of the main floor apartment is a spacious balcony overlooking the private patio exclusive to that apartment. Upstairs, you will find two well-appointed two-bedroom apartments and 1 - one bedroom apartment each tastefully updated to appeal to quality tenants. An additional feature is the oversized brand new deck offering ideal outdoor space overlooking the backyard. The 2nd floor apartment includes a private balcony overlooking the front. Whether you're looking to live in one unit while generating income or seeking a solid addition to your investment portfolio, this property delivers. With strong rental potential and opportunities to further optimize cash flow, savvy buyers can unlock increased net income and maximize return on investment. A rare blend of location, charm, and income potential-this is downtown multi-unit living at its finest.
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Property Features
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Property Details
Address
289 Wilbrod Street
Community
Postal Code
K1N 6M3
Property Type
Fourplex, Fourplex
Lot Size
43' x 99'
Acreage
4,305.6 Feet
Taxes
$10,160 (2025
Basement
Unfinished
Exterior
Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Solid Rock Realty
Prime, turnkey fourplex in the heart of Sandy Hill with strong cash flow and future upside. Welcome to 339 Chapel Street, a beautifully maintained, tenanted income property in one of Ottawa's most popular rental neighborhoods, steps to the University of Ottawa, transit, parks, the Rideau River, and minutes to downtown. This solid asset is comprised of three (3) well designed 2-bedroom units plus one (1) exceptionally spacious 1 bedroom unit. Tenants enjoy separate hydro meters, in-unit laundry, updated finishes, and functional layouts that consistently attract quality renters.2025 gross income: $98,611 approx, delivering an estimated NOI of $70,205 with room for rent optimization over time. Recent improvements provide peace of mind and long-term durability, including windows and metal roof (2021), plus modernized kitchens and bathrooms, updated flooring, and refreshed decks, porches, exterior entryways. The building also features an on-demand tankless hot water system (rental).Extra value add features set this property apart: a sauna in the second floor unit, a large rear deck, second floor balcony, private backyard, and four (4) on-site parking spaces with potential for added revenue. Three of the four units are furnished and most furnishings are included in the sale (excluding the basement unit furnishings).A rare opportunity to acquire a stress free, well maintained multifamily asset in an A+ location, ideal for investors seeking stable income today with meaningful upside tomorrow.
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