Contacts
District Realty
Property Details
- 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
• 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.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
97/100
Walk Score ®
-
88/100
Transit Score ®
-
99/100
Bike Score ®
Location
- City Ottawa, ON
- Neighborhood Sandy Hill
- Postal Code K1N 6P1
Points of Interest
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UoO Taxi Stand #4
0.45 miles
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William Street, ByWard Market
0.48 miles
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Rideau
0.50 miles
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Rideau Street, Rideau Centre
0.52 miles
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Rideau Centre
0.55 miles
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Sussex Drive, Rideau Street
0.58 miles
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Lees
0.83 miles
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Parliament
0.92 miles
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Queen Street, Place de Ville
1.19 miles
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Lyon
1.23 miles
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Petro-Canada
0.28 miles
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Shell
0.76 miles
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Esso
0.93 miles
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FLO
1.12 miles
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MacEwen
1.25 miles
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Circuit électrique
1.58 miles
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Ultramar
1.60 miles
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ChargePoint
3.10 miles
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Tesla Destination Chargers
5.95 miles
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SWTCH
6.04 miles
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Brooks
0.17 miles
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Rideau Centre - Red Garage
0.44 miles
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Mann Visitor Parking
0.49 miles
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Indigo
0.50 miles
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Market Garage
0.58 miles
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Dalhousie Garage
0.59 miles
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ByWard Market Garage
0.60 miles
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Capital Parking
0.65 miles
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Bruyère Continuing Care
0.84 miles
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The King Edward Bed & Breakfast
0.08 miles
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Laurier Guest House
0.18 miles
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The Stewart Bed and Breakfast
0.19 miles
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McGee's Inn
0.20 miles
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Belle Notte Bed&Breakfast
0.23 miles
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Gold Door Inn
0.23 miles
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Swiss Hotel
0.26 miles
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Barefoot Hostel
0.28 miles
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Days Inn Downtown Ottawa
0.31 miles
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Australis Guest House
0.33 miles
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Loblaws
0.32 miles
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Nordstrom
0.43 miles
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Simons
0.46 miles
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Giant Tiger
0.46 miles
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Rideau Centre
0.49 miles
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Saks Off 5th
0.54 miles
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Hudson's Bay
0.56 miles
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Farm Boy
0.57 miles
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World Exchange Plaza
0.86 miles
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Metro
0.98 miles
District Realty