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For Sale · Retail

14 - 31 MURRAY STREET, Ottawa

14 - 31 MURRAY STREET, Ottawa, ON K1N9M5

$475,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

96%

About this property

An exceptional opportunity to own a commercial condo in the heart of Ottawa's vibrant ByWard Market! This approximately 920 sq. ft. unit offers a prime downtown location just steps from historic Sussex Drive, surrounded by restaurants, cafés, boutiques, hotels, entertainment and established local businesses, with strong year-round local and visitor traffic. Currently home to a long-established hair salon operated by the condo owner, the space features a well-maintained interior, an existing salon layout and two washrooms. For buyers interested in continuing the current use, the existing salon business, equipment and setup may also be negotiated as part of the opportunity offering exciting flexibility for the right buyer. With its manageable footprint and versatile layout, the property is well suited for hair and beauty, aesthetics, wellness, personal services, boutique retail, studio and other commercial concepts, subject to applicable zoning and condominium regulations. Located in one of Ottawa's most recognizable shopping, dining and tourism destinations, the property also offers excellent long-term potential as the ByWard Market continues to evolve through ongoing revitalization and investment in the surrounding area. Whether you're looking to own your business premises, take over an established salon, bring your own concept to life, or add a versatile commercial asset to your portfolio, the possibilities are here. Everything is open for discussion --- bring your vision and bring us an offer! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$475K
Down payment30% · $143K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$32K

Annual cash flow

$6K

Cash-on-cash

4.27%

DSCR

1.23

Going-in cap

6.82%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

54,192

Households

21,329

Median income

$104,000

Median age

32.5

Daytime population

89,246

5-yr growth

4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 14 - 31 MURRAY STREET, Ottawa.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.