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184 MURRAY STREET in 4001 - Lower Town/Byward Market
184 MURRAY STREET Ottawa K1N 5M8 
$1,020,000Multi-family- Status:
- Active
- MLS® Num:
- X12674878
- Bedrooms:
- 8
- Bathrooms:
- 4
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). (id:2493) More detailsListed by EXP REALTY
- SUSAN CHELL
- RE/MAX HALLMARK
- 1 (613) 8297484
- Contact by Email
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1327 AVENUE S AVENUE in 3601 - Eastway Gardens/Industrial Park
1327 AVENUE S AVENUE Ottawa K1G 0C4
$799,999Multi-family- Status:
- Active
- MLS® Num:
- X12678130
- Bedrooms:
- 6
- Bathrooms:
- 2
This fully renovated bungalow with income suite is a true turnkey opportunity, perfectly positioned in one of the city's most convenient and commuter friendly neighbourhoods. Ideal for investors or homeowners seeking strong dual income potential, the property offers two modern, self contained units. The upper unit underwent a complete top to bottom renovation in September 2025 and features brand new flooring, an updated bathroom, modern lighting, stainless steel appliances, and quartz countertops. The lower unit, completed in 2022, includes three spacious bedrooms, two walk in closets, a full bathroom with a tiled stand up shower, and its own private entrance.Both units are finished with durable luxury vinyl plank flooring, contemporary kitchens with quartz countertops, stainless steel appliances, and stylish tiled backsplashes. Perfectly situated, the home is just steps from the LRT and St. Laurent Shopping Centre via an underground tunnel, with quick access to the Queensway in both directions. Its proximity to Train Yards amenities, Parliament, CSIS, and the University of Ottawa makes this location exceptionally attractive for commuters and professionals. The backyard has been freshly landscaped with new topsoil, sod, and mulch, enhancing both curb appeal and outdoor enjoyment. With two separate hydro meters, the property has historically generated over $5,000/month plus hydro-offering impressive returns for investors or the ability to significantly accelerate mortgage repayment. A detailed list of upgrades is available for serious buyers, highlighting the extensive care and investment put into this income producing property. 3 bedrooms above grade + 3 bedrooms below grade. Some photos have been digitally enhanced. (id:2493) More detailsListed by BENNETT PROPERTY SHOP REALTY - SUSAN CHELL
- RE/MAX HALLMARK
- 1 (613) 8297484
- Contact by Email
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218-220 MCARTHUR AVENUE in 3404 - Vanier
218-220 MCARTHUR AVENUE Ottawa K1L 6P5
$1,600,000Multi-family- Status:
- Active
- MLS® Num:
- X12671512
- Bedrooms:
- 2
- Bathrooms:
- 4
ATTENTION BUILDERS & INVESTORS - SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa's fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1.6M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20,600, Approximate Gross Annual Rental Income: $247,200, Estimated Stabilized Net Operating Income (NOI): ~$181,764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits (id:2493) More detailsListed by ROYAL LEPAGE INTEGRITY REALTY - SUSAN CHELL
- RE/MAX HALLMARK
- 1 (613) 8297484
- Contact by Email
Data was last updated January 9, 2026 at 02:45 PM (UTC)
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