$ 1,624,000
-
$1,624,000
Price -
0
Bed -
3
Bath -
2,500
SqFt
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About the Listing 504301 -
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.
Listing Highlights for 421 Gilmour St
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
X12376077
Year Built
Total Square Footage
2,500
Lot/Acreage
4823
Interior Details
- Bedrooms: 0
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Wheelchair Access
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others:
- Sewer: Sewer
Financial Details
- Tax Amount: $30,281
- Taxes w/Assessments: N/A
- Tax/Property ID: 041190079
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
421 Gilmour St Ottawa Centre, ON K2P 0R5
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