238 Laurier Avenue East

Price: $3,800,000.00

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 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.

Ideally situated just one minute from the University of Ottawa, 238 Laurier Avenue East benefits from one of the city’s strongest and most consistent demand drivers. The property is within walking distance of the Rideau Centre, ByWard Market, Parliament Hill, and Ottawa’s downtown employment core, providing convenient access to major educational, retail, entertainment, and employment destinations.

Located at the intersection of Sandy Hill and downtown Ottawa, the surrounding area attracts a diverse tenant base of students, government employees, healthcare professionals, and young professionals. Strong pedestrian activity, excellent transit connectivity, and a highly walkable urban environment continue to support long-term residential demand and vibrant commercial activity throughout the neighbourhood.

Highlights

• Number of Apartments: 6
• 4x one bedroom
• 2x bachelor
• 2 retail units (currently 1 commercial tenant)
• Fully renovated, turn-key multi-family asset with prime corner lot Sandy Hill location
• Steps from the University of Ottawa
• 2024 Renovations: New HVAC systems, plumbing, windows, flooring, framing, drywall, cabinetry, and electrical fixtures