238 Laurier Avenue East

238 Laurier Avenue East, Ottawa, ON K1N 6P1

Property Information

  • 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.

Contacts

Location

Located at 238 Laurier Avenue East, Ottawa, ON K1N 6P1, this property is part of the Sandy Hill neighborhood.

Contact Listing Broker
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