70 Russell Avenue, Lower Town - Sandy Hill, ON K1N 7X1
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Russell & Osgoode · View map
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.
The home
- Type
- Fourplex
- Style
- 3-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 16
- Basement bedrooms
- 5
- Bathrooms
- 8
- Kitchens
- 4
- Rooms
- 29
- Basement
- Apartment, Finished, Full
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Stucco (Plaster)
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $18,865/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- FLEXIBLE
- Cross street
- Russell & Osgoode
- Neighbourhood
- 4004 - Sandy Hill
More
- Price per sq ft
- ~$612 (at 4,250 sq ft)
- MLS® number
- X14147822
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The home and its surroundings
- Carpet Free
- 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.
70 Russell Avenue, Lower Town - Sandy Hill, ON K1N 7X1
4004 - Sandy Hill, Lower Town - Sandy Hill · Near Russell & Osgoode
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Listing history for 70 Russell 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 70 Russell Avenue
Answers come straight from this home’s MLS® listing.
How much is 70 Russell Avenue listed for, and what would it cost each month?
70 Russell Avenue is listed for $2,600,000. With 20% down ($520,000), the mortgage payment would be roughly $10,488 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $12,060 a month, all in. That figure is an illustration, not a quote.
Is 70 Russell Avenue freehold or a condo, and is there a monthly fee?
70 Russell Avenue is a fourplex 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.
How many bedrooms and bathrooms does 70 Russell Avenue have?
70 Russell Avenue has 16 bedrooms, plus 5 more bedrooms in the basement, and 8 bathrooms. The listing gives the style as 3-storey.
Does 70 Russell Avenue have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
Does 70 Russell Avenue have a finished basement?
The listing describes the basement as apartment, finished, full. It counts 5 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 70 Russell Avenue?
70 Russell Avenue is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 70 Russell Avenue?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 70 Russell Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 70 Russell Avenue?
Property taxes are $18,865 a year (2026), or about $1,572 a month.
Where is 70 Russell Avenue?
70 Russell Avenue is in the 4004 - Sandy Hill community of Lower Town - Sandy Hill. The nearest main intersection is Russell & Osgoode. The postal code is K1N 7X1.
Is 70 Russell Avenue still for sale?
Yes. It is an active listing (MLS® X14147822). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 70 Russell Avenue asking?
Similar properties for sale nearby right now include 227 BLACKBURN Avenue at $2,599,000 (12+4 bed), 316 SOMERSET Street E at $2,899,900 (12+4 bed) and 152 Goulburn Avenue at $1,998,000 (10+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 70 Russell 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 70 Russell Avenue?
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.
Fourplex$2,599,000227 BLACKBURN Avenue, Lower Town - Sandy Hill12+4 bed · 8 bath · 4004 - Sandy HillCourtesy of: EXP REALTYView home →
Fourplex$2,899,900316 SOMERSET Street E, Lower Town - Sandy Hill12+4 bed · 0 bath · 4004 - Sandy HillCourtesy of: EXP REALTYView home →
Multiplex$1,998,000152 Goulburn Avenue, Lower Town - Sandy Hill10+2 bed · 6 bath · 4004 - Sandy HillCourtesy of: MARILYN WILSON DREAM PROPERTIES INC.View home →Courtesy of: SLEEPWELL REALTY GROUP LTD
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.