184 Murray Street Ottawa, Ontario K1N 5M8

$1,399,900

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:49712)

Property Details

MLS® Number	X12242901
Property Type	Multi-family
Neigbourhood	Byward Market
Community Name	4001 - Lower Town/Byward Market
Parking Space Total	7

Building

Bathroom Total	4
Bedrooms Above Ground	8
Bedrooms Total	8
Appliances	Dishwasher, Dryer, Microwave, Oven, Washer, Refrigerator
Cooling Type	Wall Unit
Exterior Finish	Brick
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,500 - 3,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	105 Ft
Size Frontage	33 Ft ,1 In
Size Irregular	33.1 X 105 Ft
Size Total Text	33.1 X 105 Ft
Zoning Description	Residential R4

https://www.realtor.ca/real-estate/28515639/184-murray-street-ottawa-4001-lower-townbyward-market