89/91 Murray Street
Lower Town - Sandy Hill, ON
4,100 sqft • Investment • 405 days on market
Rare opportunity in the heart of the ByWard Market. Fully tenanted mixed-use building and an additional freestanding commercial building. Two prime retail spaces and two extensively renovated 2 bedroom apartments. Well maintained property. NOI $89,857. Seller will consider a VTB. Zoning is MD2 S72 Mixed-Use Downtown Zone which allows for further development. Will provide new build report for rear of property. 89 Murray is a three-story building with ground floor retail and two residential units on the upper floor, representing 2700 sq ft. 91 Murray is a separate unique one-story building at the rear of the property with 1,400 sq ft. 89 Murray - New asphalt shingle roof 2024. 200 amp main distribution panel, with each unit separately metered. One forced air gas fired furnace for the commercial ground floor unit & one for the two apartment units. 89 Murray Residential - Two 2 bedroom identical units have been extensively updated. Two storey apartments with hardwood floors & 6 appliances. Quartz countertops & newer cabinetry. Modern baths with gorgeous showers. Currently rented for $2000 each. Landlord pays water & heat. 89 Murray Retail - This space is air conditioned. The Barber Shop has been leased for 7 years. $3407 + additional expenses. 91 Murray Retail - The interior consists of 3 open living spaces, one with a wet bar area. There is an additional office, a bedroom area & a 3 piece bath. Extensively renovated in 2011 with new exterior EFIS, new roof, plumbing, interior walls, etc. New HVAC system installed 2024. Central air & forced air gas furnace. Separately metered for hydro & gas. Previously leased for $2825 + common expenses (including property taxes, snow clearing & maintenance). 2 non-conforming parking spaces. One residential unit will be vacant upon possession currently owner occupied. One of the Ottawa Mayor's top priorities for 2025 is to revitalize the ByWard Market by enacting a $129M plan before 2027. 48 hrs for showings & 24 hrs irrev on offers
Listing Details
- Taxes (2025)
- $28,477
- Originally Listed
- $1,695,000
- Listed
- July 14, 2025
Price History
Property
- Lot Size
- 37.5 x 100.56 Feet
Location & Legal
- Cross Street
- Sussex Drive & Murray Street
- Zoning
- Mixed Used Downtown Zone - MD2 S72
- Parcel Number
- 042150055
- Possession
- Immediate
Commercial
- Occupancy
- Tenant
- Office / Apartment Area
- 1825 Sq Ft
Included
- Inclusions
- (2)Stove, (2)Microwave/Hood Fan, (2)Dryer, (2)Washer, (2)Refrigerator, (2)Dishwasher, 3 Hot water tanks
- Exclusions
- Tenant's belongings
- Rental Items
- None
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $470,000
- Homes sold
- 229
- Median days on market
- 35
- Sale-to-list price
- 96.7%
Based on 229 recorded sales of commercial properties in Lower Town - Sandy Hill over the last 12 months.
Listed by
MARILYN WILSON DREAM PROPERTIES INC.
Location
Commercial figures
- Building area
- 4,100 sq ft
- Price per sq ft
- $364.63
- Annual property tax
- $28,477
- Tax per sq ft
- $6.95
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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