238 Laurier Avenue E
4004 - Sandy Hill, Lower Town - Sandy Hill, K1N 6P2
$3,800,000
Listed 95 days ago · MLS® X13578756
About this home
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 fully 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.
Details
- Type
- Investment
- Lot
- 55.2 × 62.9 ft
- Garage
- None
- Property tax
- $24,729 (2025)
- Neighbourhood
- 4004 - Sandy Hill
- Municipality
- Lower Town - Sandy Hill
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Utilities
- Yes
Building and exterior
- Building area
- 5,524 Square Feet
More
- Possession
- TBD
- Cross street
- Laurier Avenue East and Nelson Street
- Business type
- Apts - 6 To 12 Units
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Very walkable
- 🚇 uOttawa LRT9 min walk
- 🚇 Rideau LRT13 min walk
Within a 10-minute walk: 4 grocery stores, 123 cafés and restaurants, 9 parks, 10 pharmacies. Nearest grocery: Loblaws (550 m). Nearest park: Cindy Mitchell Park (250 m).
Schools nearby
Elementary
- École élémentaire publique Francojeunesse French
EQAO: Gr 6 reading 96%, math 80%2 min walk - York Street Public School
EQAO: Gr 6 reading 65%, math 20%11 min walk - École élémentaire catholique Sainte-Anne Catholic · French
EQAO: Gr 6 reading 100%, math 81%12 min walk - Viscount Alexander Public School
EQAO: Gr 6 reading 100%, math 53%12 min walk
Secondary
- Lisgar Collegiate Institute
EQAO: Gr 9 math 73%, literacy test 91%12 min walk - École secondaire publique De la Salle French16 min walk
- MacDonald-Cartier Academy Private1.5 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K1N
- Owners / renters
- 24% / 76%
- Median household income
- $64,000
- Average age
- 40
- Children under 15
- 9%
- Homes
- 4% detached, 49% high-rise
- Commute by transit
- 23%
- Population
- 26,639
Languages spoken most at home besides English: Mandarin 1.5%, Arabic 1.3%, Spanish 0.9%, Somali 0.6%.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).
Living here
Commute
To downtown Ottawa: 2 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by DISTRICT REALTY CORPORATION.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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