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$ 1,624,000
Est. payment /mo
Price Dropped by $25K
421 Gilmour ST Ottawa Centre, ON K2P 0R5
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 4103 - Ottawa Centre
MLS Listing ID X11986538
Style 3-Storey
Annual Tax Amount $25,738
Tax Year 2025
Property Sub-Type Multiplex
Lot Depth 108.99
Lot Front 44.25
Property Description
This beautifully renovated 3-story commercial building, located on prestigious Gilmour Street between Kent and Bank in the heart of Centretown Ottawa, presents an exceptional investment opportunity. Zoned GM (General Mixed Use), the property offers approximately 3000 square feet of versatile space, currently leased as office space with positive cashflow and a cap rate of over 5.5%. This zoning allows for a wide range of uses, including conversion into a multi-unit (triplex, fourplex, or more) to secure your retirement while enjoying a positive cashflow investment. A new roof installed in 2020 and full interior/exterior renovation (2022), including new luxury vinyl flooring, soundproofing, and updated electrical systems, ensure minimal maintenance costs. On-site parking for 6-7 cars would generate extra income, supplemented by ample street parking and a wheelchair accessible ramp, adds significant value and convenience to tenants. This prime location, combined with the extensive renovations, flexible GM zoning, and strong income potential, makes this property a truly rare find.
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Rooms
Family Room No
Basement None
Kitchen 0
Interior
Interior Features Wheelchair Access
Cooling Wall Unit(s)
Fireplace No
Heat Source Other
Exterior
Pool None
Roof Type Shingles
Lot Frontage 44.25
Lot Depth 108.99
Total Parking Spaces 6
Building
Foundation Poured Concrete
Listed by RE/MAX HALLMARK REALTY GROUP
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