70 Russell Avenue Ottawa, Ontario K1N 7X1
$2,600,000
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:67947)
Property Details
| MLS® Number | X14147822 |
| Property Type | Multi-family |
| Community Name | 4004 - Sandy Hill |
| Features | Irregular Lot Size, Carpet Free |
Building
| Bathroom Total | 8 |
| Bedrooms Above Ground | 16 |
| Bedrooms Below Ground | 5 |
| Bedrooms Total | 21 |
| Appliances | Dishwasher, Dryer, Microwave, Range, Gas Stove(s), Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a, N/a (finished), Full |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stucco |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Frontage | 97 Ft ,2 In |
| Size Irregular | 97.2 Ft |
| Size Total Text | 97.2 Ft |
| Zoning Description | R4s[480] |
https://www.realtor.ca/real-estate/30477771/70-russell-avenue-ottawa-4004-sandy-hill
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Nicolas SigounisREALTOR® · EXIT Realty Matrix, BrokerageBook a private showing or ask anything about this home. Nicolas will get back to you quickly.
Call or text 613.859.9331Book a showingEmail NicolasListing courtesy of Adam Pearce, Sleepwell Realty Group Ltd · Angie Pearce, Sleepwell Realty Group Ltd
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November 04 2026 08:53:07
Ottawa Real Estate Board
Sleepwell Realty Group Ltd