Renovated two-bedroom apartment near Oulu’s future university + OSAO investment €112 million!, Oulu

The apartment is rented on an open-ended lease for now. Rent is €795/month + water. However, the apartment will be sold vacant from 1.10.2026, and the new owner may arrange further use and, if desired, buy the furniture. The current rent level is low; I estimate the rent for the apartment as a shared flat in a different building at €950/month.

The University of Oulu Board decided on 25.11.2025 to build a completely new university campus in Kontinkangas. The University of Oulu will move in stages from Linnanmaa to the new unified campus in Kontinkangas. Construction is expected to start in 2027. This will significantly increase the apartment’s value and rental demand.

In addition, OSAO is building a new campus at Kotkantie 1, 90250 Oulu. The project costs are around €112.2 million. The project and campus are estimated to be completed during 2030, and it is OSAO’s largest investment in history; read more on OSAO’s website. The new campus will be 1.4 km from this apartment for sale.

Together, these two projects will ensure a very high occupancy rate and strong rents both during construction and later from students.

A renovated apartment on the 1st floor of a building with a lift in Kontinkangas, Oulu, is being auctioned (not at street level).

Shares 80-155 in Asunto Oy Oulun Sairaalanrinteen Lääkäri (business ID 3012024-9), corresponding to a 3-room + kitchen, 76 m² apartment at Sairaalanrinne 4 H A2, 90220 Oulu.

The apartment is sold immediately vacant for the buyer’s own use or as an investment. It has been used for renting and has just been vacated by the current tenant.

A major renovation was carried out on the apartment by the insurance company in 10/2023-01/2024.

The flooring throughout the apartment has been renewed, and the old vinyl flooring was also removed at the same time (so the indoor air is fresh). The bathroom was also renovated with a new surface at the same time.

Good location, less than 3 km from Oulu city centre. Oulu University Hospital and a 24-hour shop are next door, Kastelli multi-purpose centre is across the road (including a school and daycare), and the social and healthcare units of the university of applied sciences and vocational college are about 1 km away. The fact that new-build projects have also been built in the same courtyard area says something about the location.

Maintenance charge for the apartment is €304/month.

Land lease charge €288.04/month (the housing company is located on land owned by Ålandsbanken’s land fund).

Cable TV €0.20/month.

Broadband €2.00/month.

Water charge €22/person.

Renovation charge €76/month for future renovations. There are no decided renovations.

The apartment is debt-free and has no payment arrears.

The housing company was completed in 1974.

District heating.

Property maintenance is handled by a maintenance company.

Property management: Kiinteistötahkola, Aleksi Lepistö