Jag Patel
Broker
$1,020,000
Available - For Sale
Listing ID: X12674878
184 Murray Street , Lower Town - Sandy Hill, K1N 5M8, Ottawa
| Welcome to 184 Murray Street a rare, fully renovated freehold fourplex located just steps from the pulse of Ottawa's 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 city's 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). |
| Price | $1,020,000 |
| Taxes: | $12777.00 |
| Assessment Year: | 2025 |
| Occupancy: | Partial |
| Address: | 184 Murray Street , Lower Town - Sandy Hill, K1N 5M8, Ottawa |
| Directions/Cross Streets: | King Edward |
| Rooms: | 20 |
| Bedrooms: | 8 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | None |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 14.89 | 11.15 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 3-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private, A |
| Drive Parking Spaces: | 7 |
| Park #1 | |
| Parking Type: | Private, A |
| Park #2 | |
| Parking Type: | Private |
| Park #3 | |
| Parking Type: | Available |
| Pool: | None |
| Approximatly Square Footage: | 2500-3000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Wall Unit(s |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Ottawa |
| Municipality: | Lower Town - Sandy Hill |
| Neighbourhood: | 4001 - Lower Town/Byward Market |
| Style: | 3-Storey |
| Tax: | $12,777 |
| Beds: | 8 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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