238 Laurier Avenue East

For Sale

238 Laurier Avenue East, Ottawa, ON K1N 6P1

This Ottawa property for sale is located at 238 Laurier Avenue East. The current listed sale price for 238 Laurier Avenue East is $3,800,000. 238 Laurier Avenue East is situated on a lot that is 0.08 acre in size.

Contacts

District Realty Centralized Leasing

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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

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  • 88/100

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Location

  • City Ottawa, ON
  • Neighborhood Sandy Hill
  • Postal Code K1N 6P1

Points of Interest

  • UoO Taxi Stand #4

    0.45 miles

  • William Street, ByWard Market

    0.48 miles

  • Rideau

    0.50 miles

  • Rideau Street, Rideau Centre

    0.52 miles

  • Rideau Centre

    0.55 miles

  • Sussex Drive, Rideau Street

    0.58 miles

  • Lees

    0.83 miles

  • Parliament

    0.92 miles

  • Queen Street, Place de Ville

    1.19 miles

  • Lyon

    1.23 miles

  • Petro-Canada

    0.28 miles

  • Shell

    0.76 miles

  • Esso

    0.93 miles

  • FLO

    1.12 miles

  • MacEwen

    1.25 miles

  • Circuit électrique

    1.58 miles

  • Ultramar

    1.60 miles

  • ChargePoint

    3.10 miles

  • Tesla Destination Chargers

    5.95 miles

  • SWTCH

    6.04 miles

  • Brooks

    0.17 miles

  • Rideau Centre - Red Garage

    0.44 miles

  • Mann Visitor Parking

    0.49 miles

  • Indigo

    0.50 miles

  • Market Garage

    0.58 miles

  • Dalhousie Garage

    0.59 miles

  • ByWard Market Garage

    0.60 miles

  • Capital Parking

    0.65 miles

  • Bruyère Continuing Care

    0.84 miles

  • The King Edward Bed & Breakfast

    0.08 miles

  • Laurier Guest House

    0.18 miles

  • The Stewart Bed and Breakfast

    0.19 miles

  • McGee's Inn

    0.20 miles

  • Belle Notte Bed&Breakfast

    0.23 miles

  • Gold Door Inn

    0.23 miles

  • Swiss Hotel

    0.26 miles

  • Barefoot Hostel

    0.28 miles

  • Days Inn Downtown Ottawa

    0.31 miles

  • Australis Guest House

    0.33 miles

  • Loblaws

    0.32 miles

  • Nordstrom

    0.43 miles

  • Simons

    0.46 miles

  • Giant Tiger

    0.46 miles

  • Rideau Centre

    0.49 miles

  • Saks Off 5th

    0.54 miles

  • Hudson's Bay

    0.56 miles

  • Farm Boy

    0.57 miles

  • World Exchange Plaza

    0.86 miles

  • Metro

    0.98 miles

Contact Listing Broker
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