REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

16 Beds

8 Baths

Save

Est. payment | -/mo

Save

16 Beds

8 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 4004 - Sandy Hill

MLS Listing ID X14147822

Style 3-Storey

Bedrooms 16

Annual Tax Amount $18,865

Tax Year 2026

Property Sub-Type Fourplex

Property Description

70 Russell Avenue | Built in 2018, this purpose-built four-unit residential investment property generates $224,625 in annual gross rental income with a NOI of $154,775.77. Located in Ottawa's Sandy Hill neighbourhood, the property offers four fully leased apartments: Unit 1: 5 bed, $4,500/month; Unit 2: 5 bed, $4,152/month; Unit 3: 5 bed, $4,216.75/month; Unit 4: 6 bed, $5,850/month. All units are currently leased, with fixed terms extending into 2027. The reported NOI is supported by a comprehensive operating expense statement, including recurring property management, maintenance and operating costs. Each apartment is independently configured on its respective level, extending from the front to the rear of the building, and features two full bathrooms, contemporary kitchens, durable flooring, large windows and in-suite laundry. At an asking price reflecting approximately a 6% capitalization rate, this property presents an attractive opportunity to acquire a modern, established income-producing asset. Unlike many of Sandy Hill's older converted rental properties, 70 Russell was purpose-built in 2018 with modern construction, thoughtfully designed interiors and spacious, functional layouts suited for student accommodations. Ideally situated in the heart of Sandy Hill, 70 Russell Avenue is within walking distance of the University of Ottawa, downtown Ottawa, the ByWard Market, public transit, restaurants and everyday amenities. This prime location, combined with the area's strong student rental demand, makes the property a compelling long-term investment opportunity.

Location

Province ON

County Ottawa

Area Ottawa

Zoning R4S[480]

Rooms

Family Room No

Basement Apartment, Finished, Full

Kitchen 4

Separate Den/Office 5

Interior

Interior Features Carpet Free

Cooling Central Air

Inclusions 4 Fridges, 4 Gas Stoves, 4 Over range microwaves, 4 Dishwashers, 4 Washers, 4 Dryers,

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 97.18

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by SLEEPWELL REALTY GROUP LTD

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

CAN

Learn More About LPT Realty

70 Russell AVE Lower Town - Sandy Hill, ON K1N 7X1