Property Details
280 LAURIER AVENUE E, Ottawa, Ontario, K1N6P5
Sales Representative
RE/MAX Hallmark Realty Group, Brokerage - Prescott
Cell: 613-401-4482
Tel: 613-596-5353
$18,950,000 - For sale
A rare opportunity to acquire a purpose-built 40-unit building in the heart of Sandy Hill, within downtown Ottawa, delivering an impressive NOI of $715,980 and a major built-in value-add. Included with the offering is an approved, permit-ready addition directly beside the existing building, allowing for the development of 18 additional units, a future expansion opportunity exceptionally hard to find in today's market. All suites have been fully renovated since 2020, and along with the modernized finishes, unit layouts were thoughtfully optimized to improve livability and long-term rental performance. Previous ownership also completed substantial infrastructure upgrades, including hydro vault (2006), elevator rebuild to new (2010), roof (2012), lobby doors (2012), dual boilers (2014), and balcony updates (2015). These capital improvements significantly reduce near-term maintenance exposure while supporting premium furnished rents. The building offers a desirable mix of studio, one-bedroom, and two-bedroom suites, all fully furnished and with utilities included, attracting a strong and dependable tenant base of young professionals and students. Located along Laurier Avenue, the property benefits from unmatched proximity to downtown amenities, Ottawa University, government offices, and major transit corridors, making these units consistently easy to lease. This is a high-performing, centrally located multi-residential asset with a dynamic tenant pool, fully updated interiors, substantial capital improvements, and a shovel-ready expansion opportunity. (id:2471)
Location DescriptionCross Streets: Laurier & Sweetland. ** Directions: From King Edward, head East on Laurier Ave, property on corner of Sweetland and Laurier.
- Property Address:280 LAURIER AVENUE E, Ottawa, Ontario, K1N6P5
- Property Type:Multi-family
- Community Name:4004 - Sandy Hill
- Lot Size:Bldg=92.63 x 105 Acre
- Water Type:Municipal water
- Structure Style:Multi-Family
- Floor Space:9698 sqft
- Heating Type:Natural gas, Hot water radiator heat
- Cooling Type:Partially air conditioned
Sales Representative
RE/MAX Hallmark Realty Group, Brokerage - Prescott
Cell: 613-401-4482
Tel: 613-596-5353
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- Map 280 LAURIER AVENUE E, Ottawa, Ontario, K1N6P5
- Neighbourhood Information
280 LAURIER AVENUE E, Ottawa, Ontario, K1N6P5
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