$15,900,000
FOR SALE

Investment

Lot: 92.63 x 105 acres
2025 Taxes: $84,209

280 Laurier Ave E
Lower Town - Sandy Hill, ON K1N 6P5 | 4004 - Sandy Hill | Ottawa

$13M CMHC-insured 3.75% 40 year assumable Mortgage - 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.
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Listed By SLEEPWELL REALTY GROUP LTD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12917788
Last Updated Mar 25, 2026
Property Summary
Property Type Investment

More like this:
PIN 042090064
Possession Date TBD
Taxes (2025) $84,209
Directions/Cross Streets Laurier & Sweetland
Neighbourhood 4004 - Sandy Hill
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 92.63 x 105 acres
Air Conditioning Partial
Basement Basement
Garage Type None
Heat Type Gas Hot Water

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