Direct: 613-297-3700

or 613-297-3705

$1,624,000

ID# X11986538

421 GILMOUR STREET
Ottawa, Ontario K2P0R5

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. (id:25961)

Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: February 19, 2025

On market: 64 days

Bathroom Total	0
Bedrooms Total	0
Cooling Type	Wall unit
Heating Type	Hot water radiator heat
Stories Total	3

Add CMHC fee.

Purchase Price

Down Payment or Equity

Amount of Mortgage

system will calculate

Current Interest Rate

Amortization Period

years

Payment Schedule

Monthly Payment (principal & interest)

system will calculate

Royal LePage Team Realty

4-3101 Strandherd Drive

Ottawa, Ontario

K2G 4R9

Office: 613-825-7653

The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.

powered by WEBKITS

421 GILMOUR STREET Ottawa, Ontario K2P0R5

421 GILMOUR STREET
Ottawa, Ontario K2P0R5