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).
Address
184 Murray Street
List Price
$1,020,000
MLS® Status
New
Expiration Date
2026-07-31
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Lower Town - Sandy Hill
Sub-Area
4001 - Lower Town/Byward Market
Region
Ottawa
Bedrooms
8
Bedrooms (Total)
8
Rooms Above Grade
20
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
104.96
Lot Size Units
Feet
Lot Width
33.1
Parcel Number
042140180
Occupant Type
Partial
Cross Street
King Edward
MLS® Number
X12674878
Listing Brokerage
EXP REALTY
Basement Area
None
Postal Code
K1N 5M8
Posession Details
TBD
Parking
Private, Available
Parking Places (Total)
7
Parking Spaces
7
Tax Amount
$12,777.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Wall Unit(s)
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Flat, Tar and Gravel
Tax Legal Description
PART OF LOT 25, PLAN 42482, S. MURRAY ST., BEING PART 3 ON 4R11560, EXCEPT PART 1 ON 4R16291, OTTAWA. T/W N736263
Waterfront
No
Sewer
Sewer
