70 Russell Ave

Sandy Hill, Ottawa, Ontario K1N 7X1

For Sale · MLS® X14147822 · TRREB MLS®
16+5
Beds
8
Baths
3500-5000
Sqft
None
Parking
Fourplex
Type

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.

01 / Property recordListing details

Key Facts

MLS® #
X14147822
Board
TRREB MLS®
Days on market
Tax
$18,865
Size
3500-5000 sqft
Parking
None, 1 Parking

Listing History

Listing activity for 70 Russell Ave, Ottawa, Ontario

Date StartDate EndList PricePriceEventListing ID
N/AN/A$2,600,000N/AFor SaleX14147822

Property Details

Property

Property Type
Fourplex
Style
3-Storey
Community
Sandy Hill
Municipality
Ottawa

Inside

Bedrooms
16+5
Bathrooms
8
Bathroom Detail
2, 3pc, Main
Bathroom Detail
2, 3pc, 2nd
Bathroom Detail
2, 3pc, 3rd
Bathroom Detail
2, 3pc, Lower
Basement Type
Apartment
Kitchens
3

Utilities

Water
Municipal
Cooling
Central Air
Heating Type
Forced Air

Building

Size
3500-5000 sqft
Construction
Brick

Parking

Garage Type
None
Add. Parking
1
Total Parking
1

Land

Sewer
Sewers
Lot Size Code
Feet

Additional

Foundation
Concrete
Roof
Asphalt Shingle
Fireplace
N
Pool
None
Den
N
Family room
N
Extras
4 Fridges, 4 Gas Stoves, 4 Over range microwaves, 4 Dishwashers, 4 Washers, 4 Dryers,

Rooms (12)

Room 1

Level not provided

Room 2

Level not provided

Room 3

Level not provided

Room 4

Level not provided

Room 5

Level not provided

Room 6

Level not provided

Room 7

Level not provided

Room 8

Level not provided

Room 9

Level not provided

Room 10

Level not provided

Room 11

Level not provided

Room 12

Level not provided

Location

02 / Plan your numbersTools

Mortgage Tools

Mortgage calculator

20%

Monthly Payment

$11,919

  • Down payment$520,000
  • Mortgage amount$2,080,000
  • Total interest$1,495,700
  • Total cost$4,095,700

Cash flow analysis

$11,919

Total monthly payment

$13,491

Break-even down payment

100%

Cash flow-$13,491
03 / Community profileNeighbourhood demographics

Expand Neighbourhood demographics to load Statistics Canada census charts.

$2,600,000

$2,600,000

CAD

Estimate unavailable

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