70 RUSSELL AVENUE, Ottawa
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:25961)
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Details
- Features: Irregular lot size, Carpet Free
- Transaction: For sale
- Zoning Description: R4S[480]
Building
- Appliances: Dishwasher, Dryer, Microwave, Range, Gas stove(s), Washer, Refrigerator
- BasementType: N/A, N/A (Finished), Full
- Basement Development: Finished
- Basement Features: Apartment in basement
- Bedrooms Main Level: 16
- Bedrooms Lower Level: 5
- Cooling: Central air conditioning
- Exterior Finish: Brick, Stucco
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Total): 8
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 3500 - 5000 sqft
- Stories Total: 3
- Type: Fourplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 97 ft ,2 in
- Size Irregular: 97.2 FT
This property for sale is located at 70 RUSSELL AVENUE in Ottawa. It was last modified on November 4th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
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