238 Laurier Ave E - Apartments FOR SALE


Ottawa, ON K1N 6P2- Downtown
$3,800,000 CAD
873-800-4064
238 Laurier Ave E, Ottawa, ON for Sale
$3,800,000 CAD
Apartments - FOR SALE
1/10
null | 4.03% Cap Rate

238 Laurier Ave E
Ottawa, ON K1N 6P2
Downtown


HIGHLIGHTS

  • fully furnished apartments, renovated in 2024
  • turn-key asset in Sandy Hill, steps from the University of Ottawa
  • Extensive capital improvements including new HVAC systems, plumbing, windows, flooring, framing, drywall, cabinetry, and electrical fixtures

OVERVIEW

238 Laurier Avenue East presents a rare opportunity to acquire a fully renovated mixed-use investment property in the heart of Ottawa’s highly sought-after Sandy Hill neighbourhood. The asset comprises six furnished residential apartments and two established ground-floor retail units, creating a diversified income stream supported by a strong mix of residential and commercial tenancy. Thoughtfully modernized while preserving its historic character, the property offers investors a turnkey asset with minimal near-term capital requirements. The residential component features four one-bedroom and two bachelor suites designed to appeal to students, young professionals, and urban renters, while the commercial units benefit from strong street presence and shared lower-level amenities including storage, washrooms, and freezer space. Together, the property’s balanced tenancy profile and strategic mixed-use configuration provide a compelling long-term investment opportunity in one of Ottawa’s most resilient rental markets.

FOR SALE DETAILS

PRICE

$3,800,000 CAD

PRICE/SF

$620 CAD /SF

# OF UNITS

6

PRICE/UNIT

$633,333

CAP RATE

4.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1862

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CM1[2262] H(20)

APN/PARCEL ID

061403140102300

ASK ABOUT THIS PROPERTY

Susanne WilkinsDistrict Realty Corporation, BrokerageMore Info
873-800-4064

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Susanne WilkinsDistrict Realty Corporation, BrokerageMore Info
873-800-4064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.