Mirna Botros
613-600-2626280 Laurier Avenue - $18,950,000
280 Laurier Avenue - $18,950,000
280 Laurier Avenue
$18,950,000
4004 - Sandy Hill
Ottawa, OntarioK1N6P5
0 beds
0 baths
null parking
MLS#: X12543018Listed: 5 days agoUpdated:5 days ago
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:58075)Details
Details for 280 Laurier Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Multi Family
- Storeys
- -
- Neighborhood
- 4004 - Sandy Hill
- Land Size
- Bldg=92.63 x 105 Acre
- Year Built
- -
- Annual Property Taxes
- $84,209
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: Laurier & Sweetland. ** Directions: From King Edward, head East on Laurier Ave, property on corner of Sweetland and Laurier.
- Type of Dwelling
- multi_family
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- Bldg=92.63 x 105 Acre
- Zoning
- -
- Zoning Description
- R4S[480]
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- Partially air conditioned
- Heating
- Hot water radiator heat, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 280 Laurier Avenue, Ottawa, OntarioMap
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