280 Laurier Avenue E, Ottawa, ON, K1N 6P5

Property Details: - Type: Investment - Bedrooms: 0 - Bathrooms: 0 - MLS#: X12917788 Listed By: SLEEPWELL REALTY GROUP LTD

$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. This investment home located at 280 Laurier Avenue E, Ottawa is currently for sale and has been available on Zolo.ca for 0 day. This property is listed at $15,900,000 with an estimated mortgage of $58,524* per month. It has beds, bathrooms, and is 9,698 square feet. 280 Laurier Avenue E, Ottawa is in the Sandy Hill neighborhood Ottawa. Ottawa, Centretown and Lower Town are nearby neighborhoods.