238 Laurier Avenue
Lower Town - Sandy Hill, ON
- 5,524 sqft
- Investment
- 56 days on market
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.
Listing Details
- Taxes (2025)
- $24,729
- Listed
- July 17, 2026
Price History
Property
- Lot Size
- 55.2 x 62.9 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Laurier Avenue East and Nelson Street
- Zoning
- CM1[2262] H(20)
- Parcel Number
- 042090023
- Possession
- Other
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $474,000
- Homes sold
- 220
- Median days on market
- 34
- Sale-to-list price
- 96.7%
Based on 220 recorded sales of commercial properties in Lower Town - Sandy Hill over the last 12 months.
Listed by
DISTRICT REALTY CORPORATION
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 5,524 sq ft
- Price per sq ft
- $687.91
- Annual property tax
- $24,729
- Tax per sq ft
- $4.48
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?