ON > Lower Town - Sandy Hill > 4004 - Sandy Hill
Lower Town - Sandy Hill, ON K1N 6P4,246 Laurier AVE E
Lower Town - Sandy Hill, ON K1N 6P4,246 Laurier AVE E
Lower Town - Sandy Hill, ON K1N 6P4,246 Laurier AVE E
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$2,499,000
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4,706 SqFt
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246 Laurier AVE E Lower Town - Sandy Hill, ON K1N 6P4

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,706 sqft

Price per Sqft $531

Subdivision 4004 - Sandy Hill

MLS Listing ID X12352123

Annual Tax Amount $22,206

Tax Year 2025

Property Sub-Type Store W Apt/Office

Property Description

Tired of residential tenants? Invest in a well-maintained multi-purpose building with strong anchor tenants in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can cashflow over $2000/month from day 1! This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.4% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers.

Location

Province ON

County Ottawa

Community 4004 - Sandy Hill

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 62.0

Lot Depth 71.0

Others

Security Features Yes

Listed by RE/MAX HALLMARK REALTY GROUP
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agent

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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246 Laurier AVE E

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