70 Russell Avenue, Lower Town - Sandy Hill, ON K1N 7X1
Lower Town - Sandy Hill, ON K1N 7X1
Quick cost estimateKnown monthly subtotal$13,669.49 / monthLand transfer tax $48,475One-time estimate
Quick cost estimate
$13,669.49 / monthKnown monthly subtotal
- Mortgage principal & interest
- $12,097.38
- Property tax / month
- $1,572.11
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $48,475
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $48,475
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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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.
Home details
- Days on market
- Not reported
- Property type
- Fourplex
- MLS® number
- X14147822
- Source status
- New
- Bedrooms
- 21
- Bathrooms
- 8
- Postal code
- K1N 7X1
- Kitchens
- 4
- Kitchens above grade
- 3
- Kitchens below grade
- 1
- Family room / den
- No
- Interior size (reported range)
- 3500-5000
- Garage parking spaces
- Not reported
- Total parking spaces
- 0
- Occupancy
- Tenant
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 18865.29
- Basement
- Apartment, Finished, Full
- Interior features
- Carpet Free
- Architectural style
- 3-Storey
- Pool features
- None
- Fireplace
- No
- Waterfront
- No
- Garage available
- No
- Heating system
- Forced Air
- Heating fuel
- Gas
- Cooling
- Central Air
- Sewer
- Sewer
- Direction facing
- South
- Construction materials
- Brick, Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- MLS entry age (not confirmed DOM)
- 2 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Sewer
- Sewer
- Heating system
- Forced Air
- Heating fuel
- Gas
- Cooling
- Central Air
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 16
- Bedrooms below grade
- 5
- Rooms above grade
- 29
- Rooms below grade
- 9
- Den / family room reported
- No
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $2,600,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- Ottawa
- Municipality
- Lower Town - Sandy Hill
- MLS® community
- 4004 - Sandy Hill
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Around this property
Schools, transit & everyday places
Published local sources. Distances are approximate straight-line distances, not walking routes.
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Nearby schools
No nearby schools were returned by the current Ontario school dataset for this property. School ratings and attendance boundaries are not included.
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Transit near this property
No current nearby stops were returned by the installed TTC, GO Transit and UP Express datasets. Coverage and service dates vary; distances and travel times are not inferred.
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Nearby shops & amenities
No nearby places were returned by the current OpenStreetMap snapshot. Coverage is regional and may be incomplete; verify business details before visiting.
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Similar homes for sale in Lower Town - Sandy Hill
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
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They are nearby records from the displayed source datasets. Distances are approximate straight-line distances; school catchment eligibility, ratings, walking routes, hours and live transit service are not inferred.
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
70 Russell Avenue, Lower Town - Sandy Hill, ON K1N 7X1, Lower Town - Sandy Hill is listed for sale as a Fourplex. The listing reports 21 bedrooms, 8 bathrooms, reported interior area of 3500-5000 (units not reported), kitchens reported as 4, parking spaces reported as 0. Asking price: $2,600,000. Occupancy is reported as Tenant. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® X14147822.
Local context
Explore the area: Lower Town - Sandy Hill · 4004 - Sandy Hill.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: SLEEPWELL REALTY GROUP LTD. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X14147822. Information deemed reliable but not guaranteed.