246 Laurier Avenue E Ottawa, Ontario K1N 6P4
$2,400,000
Tired of residential tenants? Invest in a well-maintained multi-purpose building with strong anchor tenants in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can cashflow over $2000/month from day 1! This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.7% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers. (id:49712)
Property Details
| MLS® Number | X12399703 |
| Property Type | Multi-family |
| Neigbourhood | Sandy Hill |
| Community Name | 4004 - Sandy Hill |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Exterior | 4706 Sqft |
| Size Interior | 4,706 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 71 Ft |
| Size Frontage | 62 Ft |
| Size Irregular | Bldg=62 X 71 Ft |
| Size Total Text | Bldg=62 X 71 Ft |
| Zoning Description | R4s[480], Lc1[2262] |
https://www.realtor.ca/real-estate/28854196/246-laurier-avenue-e-ottawa-4004-sandy-hill
610 Bronson Avenue
Ottawa, Ontario K1S 4E6
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September 12 2025 03:27:27
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
