$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. (id:2493)More details
Experience refined urban living in the heart of it all! Welcome to this stunning two bedroom luxury condo by Richcraft, perfectly positioned in one of Ottawa's most vibrant and walkable neighbourhoods. From the moment you step inside, you'll be impressed by the bright, airy layout, elegant hardwood floors, and thoughtfully designed open-concept living and dining space - perfect for both everyday living and entertaining! The sleek, modern kitchen features rich cabinetry, stainless steel appliances, and ample storage, while the spacious Primary Bedroom offers a private retreat complete with a stylish ensuite. A generous second bedroom provides incredible flexibility, perfect for guests, a home office, or both! Oversized windows absolutely flood the unit with natural light, and not to mention the private balcony offers the perfect spot to unwind with a good book and glass of wine. Complete with underground parking and a storage locker, this condo checks every box - but it's the location that truly sets it apart. Step outside and find yourself just moments from Ottawa's best: stroll to the ByWard Market, the scenic Rideau Canal, Parliament Hill, the University of Ottawa, and the Rideau Centre. With cafés, restaurants, boutiques, parks, transit, and LRT all just steps away, this is true walkable city living at its finest. Plus, Galleria II offers its residents access to top of the line amenities including a full gym, indoor pool, terrace, sauna and party room! You really can have it all here! Whether you're a professional, investor, or anyone looking to embrace the downtown lifestyle, this exceptional condo offers the perfect blend of luxury, convenience, and location. Come fall in love today! (id:2493)More details
Urban living at its best! Beautifully maintained by the original owner, this stylish 1 bedroom + den corner unit offers an airy, industrial-loft feel with floor-to-ceiling windows and soaring concrete ceilings. Natural light floods the open layout, showcasing a sleek kitchen with stainless steel appliances, quartz countertops, and a functional design. The versatile den is perfect for a home office, dining space, or guest room. The large bedroom offers ample closet space, while a full bathroom and in-unit laundry add everyday convenience. The south & west unobstructed views are perfect for watching the sunset. Enjoy top-tier building amenities, including a spa-like outdoor saltwater pool, BBQ patio, indoor lounge with billiards, private theatre room, and a fully equipped fitness centre. Storage locker included, and visitor parking available on-site. Ideally located in the heart of Centretown, with Shoppers Drug Mart & LCBO at your doorstep, plus trendy restaurants, cafes, shops, and the Canal all within walking distance. (id:2493)More details
Data was last updated March 25, 2026 at 01:45 PM (UTC)
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