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184 Murray ST Lower Town - Sandy Hill, ON K1N 5M8
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 4001 - Lower Town/Byward Market
MLS Listing ID X12242901
Style 3-Storey
Bedrooms 8
Annual Tax Amount $12,777
Tax Year 2025
Property Sub-Type Fourplex
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.
Location
Province ON
County Ottawa
Community 4001 - Lower Town/Byward Market
Area Ottawa
Rooms
Family Room No
Basement None
Kitchen 4
Interior
Interior Features None
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Private, Available
Pool None
Waterfront Description None
Roof Type Flat,Tar and Gravel
Lot Frontage 33.1
Lot Depth 104.96
Total Parking Spaces 7
Building
Foundation Poured Concrete
Listed by EXP REALTY