ON > Lower Town - Sandy Hill > 4004 - Sandy Hill
Lower Town - Sandy Hill, ON K1N 6P5,280 Laurier AVE E
Lower Town - Sandy Hill, ON K1N 6P5,280 Laurier AVE E,Video Tour
Lower Town - Sandy Hill, ON K1N 6P5,280 Laurier AVE E
Lower Town - Sandy Hill, ON K1N 6P5,280 Laurier AVE E
Lower Town - Sandy Hill, ON K1N 6P5,280 Laurier AVE E
Lower Town - Sandy Hill, ON K1N 6P5,280 Laurier AVE E
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 18,950,000
Est. payment | /mo
Save Virtual Tour
$ 18,950,000
Est. payment | /mo
Save Virtual Tour

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 4004 - Sandy Hill

MLS Listing ID X12543018

Annual Tax Amount $84,209

Tax Year 2025

Property Sub-Type Investment

Property 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.

Location

Province ON

County Ottawa

Community 4004 - Sandy Hill

Area Ottawa

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 92.63

Lot Depth 105.0

Others

ParcelsYN No

Virtual Tour https://my.matterport.com/show/?m=P8fPV24vnqp&mls=1

Listed by SLEEPWELL REALTY GROUP LTD
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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280 Laurier AVE E

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