REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,399,900
Est. payment /mo
New
184 MURRAY STREET Ottawa, ON K1N5M8
8 Beds
4 Baths
2,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $559
Subdivision 4001 - Lower Town/Byward Market
MLS® Listing ID X12242901
Bedrooms 8
Source Ottawa Real Estate Board
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Wall unit
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Others
Virtual Tour https://my.matterport.com/show/?m=NSpKE8me3Ho&mls=1
Listed by EXP REALTY