421 Gilmour Street Ottawa Centre, ON K2P 0R5
Listing Courtesy of: PropTX - IDX / Re/Max Hallmark Realty Group

  421 Gilmour Street Ottawa Centre, ON K2P 0R5

Active
$1,173,851
3
BATH
2500-3000
SQFT
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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®:
X12376077
Taxes
$30,281(2025)
Type
Multifamily
Style
3-Storey
County
Ottawa
Community
4103 - Ottawa Centre

Listed By

Re/Max Hallmark Realty Group
Source
PropTX - IDX
Last checked Sep 15 2025 at 2:25 PM GMT+0500
Bathroom Details
Interior Features
  • Wheelchair Access
Property Features
  • Foundation: Poured Concrete
Heating and Cooling
  • Water
  • Wall Unit(s)
Basement Information
  • Unfinished
Pool Information
  • None
Exterior Features
  • Brick
  • Roof: Shingles
Utility Information
  • Sewer: Sewer
  • Fuel: Other
  • Energy: Energy Certificate: No
Garage
  • None
Stories
  • 3
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