238 Laurier Ave E 6 Unit Apartment Building $3,800,000 CAD ($633,333 CAD/Unit) 4.03% Cap Rate Ottawa, ON K1N 6P2

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 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.