Ottawa Homes For Sale $650,000-$700,000

View all the MLS listings for 2, 3, 4, 5, 6 or more bedroom single-family detached homes, houses, properties and real estate for sale from $650,000 to $700,000 in Ottawa, ON. You can browse through other areas or dwellings by clicking the menu above. Call the Walker Real Estate Group at 613-830-5858 or email us at home@walkerottawa.com to view these or any other listings.

Listing Details

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521 CHAPEL STREET - MLS® # X12472292

Property Details

List Price

$659,900

Living Area

1,500 sqft.

Bedrooms

Bathrooms

Lot Size Area

22.6 x 100 FT ; 0

Taxes

N/A

Type

House

Style

N/A

Basement

N/A (Unfinished)

Year Built

N/A

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:2469)

Amenities

Public Transit, Park

Listing Provided By

ROYAL LEPAGE INTEGRITY REALTY

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