- For Sale $3,800,000
- Property Type Multi-Family
- Property Size 5,524 SF
- Units 6
- Lot Size 0.08 Acre
- Cap Rate % 4.94
- NOI / YR $153,135.00
- Zoning CM1
- Year Built 1862
- Year Renovated 2024
- Date Updated Aug 5, 2026
Description
• Fully renovated, turn-key mixed-use asset with prime corner lot Sandy Hill location, steps from the University of
Ottawa.
• Furnished units with modern residential amenities including in-suite laundry, modern cabinetry and
appliances, and updated fixtures throughout.
• Extensive capital improvements including new HVAC systems, plumbing, windows, flooring, framing, drywall,
cabinetry, and electrical fixtures, significantly reducing near-term capital expenditure requirements.
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.
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Contacts
District Realty
Location
Located at 238 Laurier Avenue East, Ottawa, ON K1N 6P1, this property is part of the Sandy Hill neighborhood.
District Realty