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
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$18,950,000
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280 Laurier AVE E Lower Town - Sandy Hill, ON K1N 6P5

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

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
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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280 Laurier AVE E

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