421 Gilmour St

For Sale New 2 Days
$1,624,000
beds
3 baths

421 Gilmour St

For Sale New 2 Days
$1,624,000
beds
3 baths

Highlights

Key insights

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. (id:63267)

Zaid Al-Tellawi of RE/MAX HALLMARK REALTY GROUP,
#X12376077
updated 2 days ago.
Houseful checked MLS® for data 2 days ago.

Home overview

Amenities / Utilities
  • Cooling
    Wall unit
  • Heat type
    Hot water radiator heat
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    3
  • # parking spaces
    6
Interior
  • # full baths
    3
  • # total bathrooms
    3.0
Location
  • Subdivision
    4103 - ottawa centre
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12376077
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28803599/421-gilmour-street-ottawa-4103-ottawa-centre
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-4,331

/ Month
25 Years fixed, 20% down payment, % interest
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