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$18,950,000
Ontario,Ottawa
For Sale Active
280 LAURIER AVENUE E, Ottawa, Ontario K1N6P5
  • 9,698 Sqft
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Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12543018
  • Price: $18,950,000
  • Square Footage: 9,698 Sqft
  • Status: Active
  • Office Name: SLEEPWELL REALTY GROUP LTD
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 295233
Features & Appliances
Features
  • Heating System: Natural gas, Hot water radiator heat
  • Cooling System: Partially air conditioned
Address Map
  • Location: CA, Ontario, Ottawa, K1N6P5
  • Street: Laurier
  • Street Number: 280
  • Street Suffix: Avenue
  • Longitude: W76° 19' 13.3''
  • Latitude: N45° 25' 35''
  • Street Dir Suffix: East
Additional Information
  • Water Source:
  • Lot Size Dimensions: Bldg=92.63 x 105 Acre
Financial
  • Tax Annual Amount: 84209
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Listing updated: 2025-12-09 13:07:41
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Listing Information
  • List Agent Key: 1921575
  • List Office Key: 295233
  • Modification Timestamp: 2025-11-13T22:35:25Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-11-13T22:25:16Z
Powered by REALTOR.ca
Listing updated: 2025-12-09 13:07:41
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