421 Gilmour Street Ottawa Centre, ON K2P 0R5

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$1,649,000

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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.

MLS®:
X11986538

Taxes
$25,738(2025)

Type
Multifamily

Style
3-Storey

County
Ottawa

Community
4103 - Ottawa Centre

Listed By

Re/Max Hallmark Realty Group

Source
TORONTO IDX
Last checked Apr 2 2025 at 11:41 PM GMT+0500

Bathroom Details

Interior Features

Wheelchair Access

Property Features

Foundation: Poured Concrete

Heating and Cooling

Water
Wall Unit(s)

Pool Information

None

Exterior Features

Brick
Roof: Shingles

Utility Information

Sewer: Sewer
Fuel: Other
Energy: Energy Certificate: No

Garage

None

Stories

Disclaimer: Copyright 2025 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/2/25 16:41

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