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184 Murray Street

$1,399,900

For Sale

MLS # X12242901

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Property Type

Residential Freehold

Bedrooms

8

Bathrooms

4

Square Footage

2500-3000

Building Age

N/A

Time on Market

39 Days

Description

Welcome to 184 Murray Street a rare, fully renovated freehold fourplex located just steps from the pulse of Ottawas historic Lower Town and the ever-bustling Byward Market. This cash-flow-ready property offers a unique opportunity for savvy investors to secure a premium asset in one of the citys most dynamic and desirable urban hubs. With a projected 4.75% cap rate, this building is primed to deliver both immediate returns and long-term value.This exceptional property includes four vacant, fully renovated units: two generously sized 3-bedroom apartments and two stylish 1-bedroom units a total of 8 bedrooms. Whether you aim to attract top-quality tenants at todays strong market rents or explore the lucrative potential of short-term rentals (Airbnb), this investment gives you full flexibility. Furnishings are optional the seller is open to including all furniture, streamlining the setup for Airbnb or executive rentals.Extensive, high-quality renovations have been completed throughout the property. All units feature brand-new ductless A/C and heating systems, new flooring in three units (tile and durable laminate), four fully updated kitchens with new plumbing and appliances, and four modern bathrooms with new water and drain lines. Additional upgrades include a new laundry room, modern LED lighting, all new interior doors, casings, and fresh paint throughout. Safety and efficiency are top-tier with fire-rated doors, interconnected smoke/strobe detectors, and a new 400-amp hydro service with 5 separate meters. Foundation wrap on the east and south sides will be completed next week. The property also includes four private parking spots (approx. $150/month each), adding up to an extra $600/month. Close to transit, shopping, restaurants, and the University of Ottawa, this property offers enduring appeal and strong rental growth. Photos shown are of Unit 4 (1 Bed, 1 Bath). More unit photos coming soon.

Property Summary

Building Type

Fourplex

Land Size

33.1 x 104.96 feet

Storeys

3-Storey

Property Tax - 2025

$12777

Address

Address

184 Murray Street

City

Ottawa

Postal Code

K1N 5M8

Province

Ontario

Community Name

4001 - Lower Town/Byward Market

Country

Canada

Details

Building Overview

Bedrooms & Bathrooms

  • Total Bedrooms - 8
    • Above grade - 8
  • Total Bathrooms - 4

Interior

  • Features - None
  • Basement - None

Exterior

  • Construction - Brick
  • Roof - Flat, Tar and Gravel

Heating & Cooling

  • Heat Type - Forced Air
  • Heat Source - Gas
  • Cooling Source - Wall Unit(s)

Utilities

  • Water Service - Municipal
  • Sewer Service - Sewer

Rooms Overview

Room Floor Dimensions Features
Kitchen Main 4.54 x 3.4

Land Overview

Lot Dimensions

33.1 x 104.96 Feet

Property Features

Shoreline

Todd Gingras

Salesperson

613-897-4227

EXP REALTY

Brokerage

255 MICHAEL COWPLAND DRIVE

OTTAWA, ON, K2M0M5

866-530-7737

Erika Gingras

Salesperson

866-530-7737

EXP REALTY

Brokerage

255 MICHAEL COWPLAND DRIVE

OTTAWA, ON, K2M0M5

866-530-7737

Questions?

Interested in scheduling a viewing? Or just have some questions about the listing? Let us know!

Disclaimer

Listing data is copyrighted by the Toronto Regional Real Estate Board. It is intended solely for consumers with a genuine interest in the purchase, sale, or lease of real estate and may not be used for any commercial or unrelated purposes. While the information is believed to be reliable, accuracy is not guaranteed by Toronto Regional Real Estate Board or Brick & Noble. No representations or warranties, express or implied, are made by Brick & Noble or its affiliates as to the accuracy or completeness of the information shown. Data is deemed reliable but not guaranteed and should be independently verified.