For Sale - 4 Unit, Purpose-Built Multi-Family in Sandy Hill

Financial Breakdown: 

GOI - $16,458.08 Monthly/$197,497 Annually

TOE - $4,712.17 Monthly/$56,546 Annually

NOI - $11,581.34 Monthly/$138,976 Annually

CAP - 5.45%

Read the full breakdown, attached as a PDF at the bottom of the page.

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Introducing 70 Russell Avenue—a premier investment opportunity in the heart of Ottawa's historic Sandy Hill neighbourhood. This newly constructed, four-story building is meticulously designed to meet the demands of demands of today's tenants, ensuring a consistent and lucrative rental income for discerning investors.

Property Highlights:

• Modern Design: The building's contemporary exterior features clean lines and high-quality materials, making it a standout property in the area.

• Spacious Units: The first three floors each house expansive five-bedroom units, while the top floor boasts a unique two-story suite with a sixth bedroom on the upper level, offering versatility and appeal to a broad tenant base.

• Premium Interiors: Each unit is thoughtfully designed with durable vinyl flooring, pristine white walls, and large windows that flood the space with natural light. The modern kitchens are equipped with ample counter space and cabinetry, catering to the needs of of higher-quality tenants. Additionally, each unit includes two full bathrooms with showers and in-unit laundry facilities, providing convenience and comfort.

Prime Location:

Situated just a 2-3 minute walk from the University of Ottawa, 70 Russell Avenue offers unparalleled proximity to campus, making it highly attractive to students seeking convenient housing options. Sandy Hill is a vibrant and diverse neighbourhood, rich in history and culture. Once Ottawa's wealthiest residential area, it is now a dynamic community that blends historic charm with modern amenities. The neighbourhood is home to numerous embassies, parks, and cultural institutions, providing a rich living experience for residents.

Investment Potential:

The strategic location and high-quality construction of 70 Russell Avenue ensure a steady demand from university students, young professionals and tenants alike, guaranteeing full occupancy year after year. The property's modern amenities and proximity to campus make it a preferred choice among students, ensuring a reliable and substantial rental income.

Neighbourhood Amenities:

Sandy Hill offers a plethora of amenities that enhance the living experience for tenants:

• Dining and Entertainment: The neighbourhood boasts a variety of restaurants, cafes, and bars, catering to diverse tastes and preferences. Notable establishments include Café Nostalgica, known for its vibrant atmosphere and live music events.

• Parks and Recreation: Residents can enjoy the lush green spaces of Strathcona Park, which offers scenic views of the Rideau River and hosts various cultural events throughout the year.

Transportation:

The property's central location offers excellent connectivity:

• Public Transit: Multiple bus routes and nearby O-Train stations provide easy access to the rest of the city.

• Walkability: With a high walkability score, residents can easily access daily necessities, entertainment, and educational institutions on foot.

70 Russell Avenue represents a rare opportunity to acquire a premium, purpose-built student housing property in one of Ottawa's most sought-after neighbourhoods. Its modern design, prime location, and consistent rental demand make it an exceptional addition to any investment portfolio. Seize the chance to invest in a property that promises not only substantial returns but also contributes to the vibrant community of Sandy Hill.

For more information or to schedule a private showing, contact Reed Allen (salesperson at RE/MAX Hallmark Realty Group LDT.) by email Reed@NewPurveyors.com or fill out the form below.

 

SOLD - Galleria 2 - One Bedroom

Discover downtown living at its best with high quality finishes, location, and the amenities that you expect. Located right in the heart of the capital, The Galleria Two is located just steps from Ottawa University, Byward Market, Rideau Centre Shopping, Nordstrom, Parliament Hill, etc. The LCBO flagship store, Metro, Loblaws, Shoppers Drug Mart, and Rexall Pharmacy, all within one block radius. 

Step inside the Galleria Two and notice the quality finishes that Richcraft chose for this sought after building. Uncomplicated style of living with the amenities found in a world class hotel just an elevator ride away. Indoor swimming pool, fitness room and sauna, large lounge complete with outdoor patio and BBQ’s, large modern lobby, three high speed elevators, and visitor parking.

The gorgeous one bedroom has been freshly painted (May 2019) and features hardwood floors, granite counters, upgraded kitchen cabinets, stainless steel appliances, brand new carpet and upgraded underpad installed in the bedroom (May 2019), cellular blinds installed in bedroom and living room (May 2019), new screens for both windows (May 2019), in-unit laundry, and a large balcony off the living room. The bonus open concept den area is perfect for an at home office/study area. With the unit facing east, there are no obstructions from other buildings, making the unit bright and airy. One indoor storage locker is included with the unit.

Listed on the Multiple Listing Service for $299,900 with a flexible closing date. Monthly condominium fees of $338.77 which include heat, air conditioning, water/sewer, recreational facilities, building insurance, caretaker, and property management.

For more information, or to schedule a private viewing, please contact Matt Richling (salesperson with RE/MAX Hallmark Realty Group Ltd,.) by filling out the form near the bottom, email, or you can txt/call 613-286-9501.

 

SOLD - Galleria 2 - One Bedroom Plus Den With Parking

Discover downtown living at its best with high quality finishes, location, and the amenities that you expect. Located right in the heart of the capital, The Galleria Two is located just steps from Ottawa University, Byward Market, Rideau Centre Shopping, Nordstrom, Parliament Hill, etc. LCBO flagship store, Metro, Loblaws, Shoppers Drug Mart, and Rexall Pharmacy, all within one block radius. 

Step inside the Galleria Two and notice the quality finishes that Richcraft chose for this sought after building. Uncomplicated style of living with the amenities found in a world class hotel just an elevator ride away. Indoor swimming pool, fitness room and sauna, large lounge complete with outdoor patio, large modern lobby, three high speed elevators, and visitor parking.

The gorgeous one bedroom plus den features hardwood floors, granite counters throughout, stainless steel appliances, in-unit laundry, and large balcony off the living room. The large den is located off of the main kitchen/dining room, and is the perfect size for an office/study or tv area. Entertain in style, or rest in tranquility. One heated underground parking space is included with the unit. 

Listed on the Multiple Listing Service for $344,900 with a flexible closing date. Low condominium fees of $396.72 which includes heat, air conditioning, water/sewer, recreational facilities, building insurance, caretaker, and property management.

For more information, or to schedule a private viewing, please contact Matt Richling (salesperson with RE/MAX Hallmark Realty Group Ltd,.) by clicking on the button or filling out the form below.

 

RENTED - Galleria 2 - Large One Bedroom Rental - $1,800

Oversized one bedroom featuring hardwood floors, granite counters throughout, stainless steel appliances, oversized sink, in-unit laundry, and balcony. Stunning corner master bedroom features north and east views with floor-to-ceiling windows. Located just steps from Ottawa University, Byward Market, Rideau Centre Shopping, Nordstrom, Parliament Hill, etc. Building features an indoor swimming pool, gym, sauna, party room, outdoor patio, visitor parking, etc. Available Feb 1st.

Listed on the Multiple Listing Service for $1,800 per month. Available starting February 1st.

For any questions or to schedule a private showing, please contact Matt Richling (salesperson with RE/MAX Hallmark Realty Group Ltd.) by filling out the form below.

 

SOLD - Claridge Plaza One Bedroom - $269,900

An executive and large one bedroom, one bathroom, available inside Claridge Plaza. Complete with hardwood floors, large kitchen with breakfast bar, stainless steel appliances, balcony with views looking east (provides plenty of morning light), and in-unit laundry. Building amenities include a concierge and security guard 24 hours/day, indoor salt water pool, two gyms, sauna, board room, theatre room, party room with kitchen, outdoor bbq, and sun deck. Building is located steps to the ByWard Market, Sandy Hill, University Of Ottawa, Parliament Hill, Rideau Canal, The Rideau Shopping Centre, and plenty of bike/running trails.

Currently listed on the Multiple Listing Service for $269,900, including large storage locker.

For more information or to arrange a private showing, please contact Matt Richling (sales representative with RE/MAX Hallmark Realty Ltd.) at 613-286-9501 or using the form below.

 

SOLD - Galleria 2 - Large One Bedroom Plus Den Only $282,000

Gorgeous one bedroom plus den featuring hardwood floors, granite counters throughout, stainless steel appliances, oversized sink, in-unit laundry, and large balcony. Located just steps from Ottawa University, Byward Market, Rideau Centre Shopping, Nordstrom, Parliament Hill, etc. Building features an indoor swimming pool, gym, sauna, party room, outdoor patio, visitor parking, etc.

Listed on the Multiple Listing Service for $282,000.00 with a monthly condo fee of $328.85. A flexible closing date is available. 

For questions, or to schedule a private showing, please contact Matt Richling (Salesperson with RE/MAX Hallmark Realty Group Ltd., Brokerage) by filling out the form below.

 

SOLD - Claridge Plaza One Bedroom

Large oversized one bedroom plus den open concept condo with stainless steel kitchen appliances, en-suite laundry, central air conditioning, on a quiet floor. Includes a heated underground parking with one storage locker. Matt Richling provided the buyer.

SOLD - Downtown One Bedroom Claridge Plaza

An executive and large one bedroom, one bathroom, available inside Claridge Plaza. Complete with hardwood floors throughout (upgraded into the bedroom), large kitchen with breakfast bar, stainless steel appliances, balcony with views looking east (provides plenty of morning light), and in-unit laundry. Freshly painted and ready to move-in. Building amenities include a concierge and security guard 24 hours/day, indoor salt water pool, two gyms, sauna, board room, theatre room, party room with kitchen, outdoor bbq, and sun deck. Building is located steps to the ByWard Market, Sandy Hill, University Of Ottawa, Parliament Hill, Rideau Canal, The Rideau Shopping Centre, and plenty of bike/running trails.

Currently listed on the Multiple Listing Service for $262,500, including large storage locker.

For more information or to arrange a private showing, please contact Matt Richling (sales representative with RE/MAX Hallmark Realty Ltd.) at 613-286-9501 or using the form below.

 

SOLD - Large One Bedroom Plus Den With Parking $320,000

Step inside the Galleria and notice the quality finishes that Richcraft chose for this sought after building. Uncomplicated style of living with the amenities found in a world class hotel just an elevator ride away. Indoor swimming pool, fitness room and sauna, large modern lobby, high-speed elevators, and visitor parking.

The gorgeous one bedroom plus den features hardwood floors, granite counters throughout, stainless steel appliances, oversized sink, in-unit laundry, and large balcony off the living room. The large den is located off of the kitchen and is the perfect size for an office or study area. Entertain in style, or rest in tranquility. One heated underground parking space is included with the unit.

Discover downtown living at its best with high-quality finishes, location, and the amenities that you would expect. Located right in the heart of the capital, The Galleria is located just steps from Ottawa University, Byward Market, Rideau Centre Shopping, Nordstrom, Parliament Hill, etc. LCBO flagship store, Metro, Loblaws, Shoppers Drug Mart, and Rexall Pharmacy, all within one block radius.

Listed on the Multiple Listing Service for $320,000 with a flexible closing date. Low condominium fees of $307.99 which includes heat, air conditioning, water/sewer, recreational facilities, building insurance, caretaker, and property management.

For more information, or to schedule a private showing, contact Matt Richling (salesperson with RE/MAX Hallmark Realty Group Ltd.) by Matt@MattRichling.com or using the form below.

CLICK FOR MORE INFORMATION

813-200 Besserer

EXCLUSIVE - Modern Studio With Parking

Fully renovated 'pied-a-terre' located just steps to Ottawa University, The Byward Market, Parliament Hill, City Hall, Nordstrom, and The Rideau Shopping Centre. Features include quartz counters, upgraded stainless steel appliances, linear fireplace, built in closets, in-unit laundry, large built-in desk, tiled shower - the list goes on. Heated underground parking included with the unit. 

Offered at $249,900 with a low monthly condominium fee of $168 per month.

For more information or to schedule a private showing, please contact Matt Richling (salesperson with RE/MAX Hallmark Realty Group) at 613-286-9501 - Matt@MattRichling.com - or by clicking on the button below.

Click to Contact Matt

232 Wilbrod

 

SOLD - Four Bedroom Home In Sandy Hill

Stunning 2 Storey 4 Bedroom home in the Heart of Ottawa, only a few minutes walking distance from Strathcona Park & Ottawa U Campus! Discover the gorgeous custom kitchen w/elegant and spacious cupboards w/high-end appliances. Hardwood floors, living room with cozy Gas-Fireplace, spacious library, office, generous contemporary windows(2008)throughout. The second level will surprise;lovely master bedroom w/ its impressive walk-in closet and access to a cheater ensuite bathroom incl. a stunning separate shower+modern sink+its very own laundry facility. The second bedroom will charm w/ its very own spacious walk-in closet + Den/Office!! The third bedroom is perfect for guests!! The basement features many rooms including a bedroom, 3pc bathroom w/ separate shower+custom finish, family room, hobby/sewing room & the second laundry/storage room. The private fenced yard includes a cozy deck,mature trees plus a 14.3' X 22.0' modern garage and a 11.0' X 22' parking space for your 2nd. vehicle. Listing Brokerage: Century 21 Action Power Team Ltd.. Matt Richling represented the buyers in the transaction.

SOLD - Sandy Hill One Bedroom Plus Den With Parking

Discover downtown living at its best with high quality finishes, location, and the amenities that you would expect. Located right in the heart of the capital, The Galleria Two is located just steps from Ottawa University, Byward Market, Rideau Centre Shopping, Nordstrom, Parliament Hill, etc. LCBO flagship store, Metro, Loblaws, Shoppers Drug Mart, and Rexall Pharmacy, all within one block radius. 

Step inside the Galleria Two and notice the quality finishes that Richcraft chose for this sought after building. Uncomplicated style of living with the amenities found in a world class hotel just an elevator ride away. Indoor swimming pool, fitness room and sauna, large lounge complete with outdoor patio, large modern lobby, three high speed elevators, and visitor parking.

The gorgeous one bedroom plus den features hardwood floors, granite counters throughout, stainless steel appliances, oversized sink, in-unit laundry, and large balcony off the living room. The large den is located off of the main kitchen dining room, and is the perfect size for an office/study or tv area. Entertain in style, or rest in tranquility. One heated underground parking space is included with the unit. 

Listed on the Multiple Listing Service for $334,900 with a flexible closing date. Low condominium fees of $334 which includes heat, air conditioning, water/sewer, recreational facilities, building insurance, caretaker, and property management.

For more information, or to schedule a private showing, contact Matt Richling (salesperson with RE/MAX Metro City Realty LTD) by Matt@MattRichling.com or using the form below.

 

SOLD - Claridge Plaza Penthouse with Massive Terrace

HAVE THE VERY BEST FOR A NEW AMAZING PRICE! ELEGANT PENTHOUSE w/a NEW YORK FEEL! Stunning 550 sq. ft. landscaped terrace offers spectacular City Views + a 3-person HOT TUB + DINING AREA! Over $122,000 in upgrades incl. Marble finishes, Cove Ceilings, built ins & more! PAMPER YOURSELF & GUESTS. Fully equipped recreational facilities. 24-hour concierge! Restaurants, theatre shopping at your doorstep. Matt Richling represented the buyer in this transaction. Listing provided by Royal Lepage Team Realty Ltd.

SOLD - Claridge Plaza One Bedroom with Parking

An executive and large one bedroom, one bathroom, available inside Claridge Plaza Phase Two. Complete with hardwood floors throughout, granite counters, stainless steel appliances, balcony with views looking east (provides plenty of morning light), and in-unit laundry. Building amenities include a concierge and security guard 24 hours/day, indoor salt water pool, two gyms, sauna, board room, theatre room, party room with kitchen, outdoor bbq, and sun deck. Building is located steps to the ByWard Market, Sandy Hill, University Of Ottawa, Parliament Hill, Rideau Canal, The Rideau Shopping Centre, and plenty of bike/running trails.

Currently listed on the Multiple Listing Service for $1,600 per month, including parking, heat, A/C, and water, only pay electricity. Unit is also available without parking for $1,450 per month.

For more information or a private showing, please contact Matt Richling (sales representative with RE/MAX Metro City Realty Ltd.) at 613-286-9501 or using the form below.