Lower Town - Sandy Hill, ON · · MLS® X14147822Updated
$2,600,000Est. $12,773/mo mortgage
Bedrooms
16
Bathrooms
8
Living space
3500–5000sq ft
Type Fourplex
Basement Apartment, Finished
What you should know
70 Russell Ave is a 16-bedroom, 8-bathroom fourplex in Lower Town - Sandy Hill, listed for $2,600,000. It has 3500-5000 sq ft of living space.
1All units are currently leased, with fixed terms extending into 2027.
2Ideally 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.
3BasementApartment, Finished, as described in the listing.
16 Bed, 8 Bath Fourplex in Lower Town - Sandy Hill
About 70 Russell Avenue
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.
16 bedrooms, 8 bathrooms, about 3,500 sq ft, works out to roughly $743 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 70 Russell Ave
Every detail from the listing, in one place.
Type
Fourplex
Style
3-Storey
Living space
3500-5000 sq ftas stated on the listing
Basement
Apartment, Finished
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
Apartment · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Fourplex
70 Russell Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14147822$2,600,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 70 Russell Ave Compares to the Lower Town - Sandy Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$12,773
/mo
based on the purchase price of $2,600,000
$520,000 cash
$2,080,000 financed
$1,751,906 total interest
Principal54%$2,080,000
Interest46%$1,751,906
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 70 Russell Ave
Market pulse · Lower Town - Sandy Hill
Median sold price$599,000Last 90 days
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings219Homes for sale here right now.
Median vs prior 90 days+39.6%Compared with May 8 – Aug 6, 2026: prices up.
Based on 55 sales from Aug 6 – Nov 4, 2026 (88 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 70 Russell Ave
How much is 70 Russell Ave listed for?
70 Russell Ave is listed at $2,600,000 (MLS® X14147822). Summitly updates the price as soon as the MLS® record changes.
Is $2,600,000 a good price for 70 Russell Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Lower Town - Sandy Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 70 Russell Ave changed?
No — 70 Russell Ave is still listed at its original asking price of $2,600,000.
How many bedrooms and bathrooms does 70 Russell Ave have?
70 Russell Ave has 16 bedrooms and 8 bathrooms, with about 3,500–5,000 square feet of living space. It is a fourplex in Lower Town - Sandy Hill.
How much would the monthly mortgage be on 70 Russell Ave?
About $12,773 a month — principal and interest on $2,600,000 with 20% down ($520,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 70 Russell Ave compare with other homes in Lower Town - Sandy Hill?
Its asking price of $2,600,000 is about 334% above the median sold price in Lower Town - Sandy Hill over the last 90 days, $599,000, across 55 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 70 Russell Ave been sold before?
Summitly has no earlier MLS® sale or lease of 70 Russell Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 70 Russell Ave?
70 Russell Ave is in Lower Town - Sandy Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 70 Russell Ave been on the market?
70 Russell Ave was listed today (November 4, 2026).
What is the price per square foot of 70 Russell Ave?
About $520 to $743 per square foot: the asking price of $2,600,000 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 70 Russell Ave have a basement, and is it finished?
The listing describes the basement as: Apartment, Finished.
What is the land transfer tax on 70 Russell Ave?
About $51,475 in Ontario land transfer tax at the asking price of $2,600,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
