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    For Sale - 280 Laurier Avenue, Lower Town - Sandy Hill, Ontario

    Est payment $76,350/mo
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    Time on Jump  10 day

    AI Summary *

    • Rare opportunity for a purpose-built 40-unit building in downtown Sandy Hill.
    • All suites fully renovated since 2020 with optimized layouts for better livability.
    • Approved plans for 18 additional units offer a unique expansion opportunity.
    • Attractive mix of fully furnished studio, one-bedroom, and two-bedroom suites.
    • Unmatched location near amenities, Ottawa University, and major transit corridors.




    $13m cmhc-insured 3. 75% 40 year assumable mortgage - 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.
    Listing IDX12917788
    Address280 Laurier Avenue
    CityLower Town - Sandy Hill, Ontario
    Price$15,900,000
    StyleInvestment
    Land Size0.15
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Hot Water

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    Listing Agency:  SLEEPWELL REALTY GROUP LTD

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    Loading...
    280 Laurier Avenue
    Lower Town - Sandy Hill , Ontario
    $15,900,000
    Get more info