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    For Sale - 70 Russell Avenue, Lower Town - Sandy Hill, Ontario

    Est payment $12,485/mo
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    Views   1
    Time on Jump  4 day

    AI Summary *

    • Purpose-built four-unit property constructed in 2018, with all apartments currently leased.
    • Four spacious apartments offer five or six bedrooms, two full bathrooms, and in-suite laundry.
    • Annual gross rental income is reported at $224,625, with a net operating income of $154,775.77.
    • Located in Sandy Hill, within walking distance of the university, downtown, transit, and everyday amenities.
    • Modern construction and layouts are suited to student accommodations.




    70 russell avenue | built in 2018, this purpose-built four-unit residential investment property generates $224,625 in annual gross rental income with a noi of $154,775. 77. Located in ottawa's sandy hill neighbourhood, the property offers four fully leased apartments: unit 1: 5 bed, $4,500/month; unit 2: 5 bed,152/month; unit 3: 5 bed,216. 75/month; unit 4: 6 bed, $5,850/month. All units are currently leased, with fixed terms extending into 2027. The reported noi is supported by a comprehensive operating expense statement, including recurring property management, maintenance and operating costs. Each apartment is independently configured on its respective level, extending from the front to the rear of the building, and features two full bathrooms, contemporary kitchens, durable flooring, large windows and in-suite laundry. At an asking price reflecting approximately a 6% capitalization rate, this property presents an attractive opportunity to acquire a modern, established income-producing asset. Unlike many of sandy hill's older converted rental properties, 70 russell was purpose-built in 2018 with modern construction, thoughtfully designed interiors and spacious, functional layouts suited for student accommodations. Ideally situated in the heart of sandy hill, 70 russell avenue is within walking distance of the university of ottawa, downtown ottawa, the byward market, public transit, restaurants and everyday amenities. This prime location, combined with the area's strong student rental demand, makes the property a compelling long-term investment opportunity.
    Listing IDX14147822
    Address70 Russell Avenue
    CityLower Town - Sandy Hill, Ontario
    Price$2,600,000
    Bed / Bath21 / 8 Full
    Style3-Storey, Fourplex
    ConstructionBrick, Stucco (Plaster)
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet FreeOwnership FreeholdBasement Apartment, Finished, FullFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 1.00
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    Listing Brokerage: 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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    70 Russell Avenue
    Lower Town - Sandy Hill , Ontario
    21 8 $2,600,000
    Get more info