For Sale: 70 Russell Avenue, Ottawa, ON - REW
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$2,600,000
16 + 5 bd • 8 ba • 3500 - 4999 sf • Multifamily
70 Russell Avenue
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$2,600,000
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70 Russell AvenueOttawa, ON, K1N 7X1

Sandy Hill
  • 16 + 5 Bed
  • 8 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Adam Pearce, Salesperson, SLEEPWELL REALTY GROUP LTD

Home facts and features

Price details
List Price
$2,600,000
Get Pre-Approved
Gross Taxes for 2025
$18,865
Home facts
Bedrooms
16 + 5
Full Bathrooms
8
Parking Spaces
1
Parking Details
No Garage
Property Type
Multifamily
Depth
Frontage
97.2 feet
Exterior Finish
Brick, Stucco
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Full, Apartment in basement, ,
Features
Carpet Free, Irregular lot size
Appliances
Dishwasher, Dryer, Gas stove(s), Microwave, Range, Refrigerator, Washer
Community
Agent details
Primary Agent
Adam Pearce
Primary Broker
SLEEPWELL REALTY GROUP LTD
Secondary Agent
Angie Pearce
Secondary Broker
SLEEPWELL REALTY GROUP LTD
Listing details
Days on REW
1 Day
MLS® Number
X14147822
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

ÉEP Francojeunesse
  • Public
  • JK - 6
Viscount Alexander Public School
  • Public
  • JK - 6
É Élém C Sainte-Anne
  • Catholic
  • JK - 8
York Street Public School
  • Public
  • JK - 8
Lisgar Collegiate Institute
  • Public
  • 9 - 12
ÉEP Le Trillium
  • Public
  • JK - 6
ÉSP De La Salle
  • Public
  • 9 - 12
ÉEP De la Salle
  • Public
  • 7 - 8
Elgin Street Public School
  • Public
  • JK - 6
Répit-Transit
  • Public
  • JK - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Adam Pearce
Phone:
(613) 899-3008
Office:
613-521-2000
Salesperson
Angie Pearce
Phone:
(613) 979-2831
Office:
613-521-2000
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