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CAONOttawaCentretown421 Gilmour St
421 Gilmour St, Home with 0 bedrooms, 3 bathrooms and 6 parking in Ottawa ON | Image 1
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$1,624,000

421 Gilmour St, Ottawa, ON

Real Estate

For Sale

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036
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage No
Taxes $30,281
Days Active 14
Lot Size 
Approx. Age 
MLS® Number X12376077

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberX12376077
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementUnfinished
DrivewayGarage Type:None
Garage Spaces
HeatOther, Water
A/CWall Unit(s)
Heating Fuel

Extras

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