238 Laurier Avenue E, Lower Town - Sandy Hill, ON K1N 6P2
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Laurier Avenue East and Nelson Street · View map
About this home
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 fully 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.
The home
- Type
- Investment
- Square footage
- 5524 sq ft
- Lot size
- 55.2 x 62.9 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $24,729/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Laurier Avenue East and Nelson Street
- Neighbourhood
- 4004 - Sandy Hill
More
- MLS® number
- X13578756
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
238 Laurier Avenue, Lower Town - Sandy Hill, ON K1N 6P2
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Laurier Avenue East and Nelson Street
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Listing history for 238 Laurier Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 238 Laurier Avenue E
Answers come straight from this home’s MLS® listing.
How much is 238 Laurier Avenue E listed for, and what would it cost each month?
238 Laurier Avenue E is listed for $3,800,000. With 20% down ($760,000), the mortgage payment would be roughly $15,328 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $17,389 a month, all in. That figure is an illustration, not a quote.
Is 238 Laurier Avenue E freehold or a condo, and is there a monthly fee?
238 Laurier Avenue E is a investment in 4004 - Sandy Hill, Lower Town - Sandy Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 238 Laurier Avenue E have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 238 Laurier Avenue E?
238 Laurier Avenue E is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 238 Laurier Avenue E, and what is the lot size?
The lot is listed as 55.2 x 62.9 ft.
How is 238 Laurier Avenue E heated and cooled?
Heating is gas forced air closed. The listing does not show air conditioning.
What are the property taxes for 238 Laurier Avenue E?
Property taxes are $24,729 a year (2025), or about $2,061 a month.
Where is 238 Laurier Avenue E?
238 Laurier Avenue E is in the 4004 - Sandy Hill community of Lower Town - Sandy Hill. The nearest main intersection is Laurier Avenue East and Nelson Street. The postal code is K1N 6P2.
Is 238 Laurier Avenue E still for sale?
Yes. It is an active listing (MLS® X13578756). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 238 Laurier Avenue E asking?
Similar properties for sale nearby right now include 122-124 Cobourg Street at $3,999,000, 204 Bruyere Street at $4,199,000 and 234-246 Dalhousie Street at $2,950,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 238 Laurier Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 238 Laurier Avenue E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4004 - Sandy Hill, picked by style, size and price.
Investment$3,999,000122-124 Cobourg Street, Lower Town - Sandy Hill4002 - Lower TownCourtesy of: EXP REALTYView home →
Investment$4,199,000204 Bruyere Street, Lower Town - Sandy Hill4001 - Lower Town/Byward MarketCourtesy of: COLDWELL BANKER SARAZEN REALTYView home →
Commercial retail$2,950,000234-246 Dalhousie Street, Lower Town - Sandy Hill4001 - Lower Town/Byward MarketCourtesy of: ZINATI REALTY INC.View home →Courtesy of: DISTRICT REALTY CORPORATION
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.