421 GILMOUR STREET
Ottawa, Ontario K2P0R5

$1,649,000

ID# X11986538
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: 43 days
Bathroom Total 0
Bedrooms Total 0
Cooling Type Wall unit
Heating Type Hot water radiator heat
Stories Total 3
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Address Price Bed Bath SqFt Area Sub Area Brokerage
5800 QUEENSCOURT CRESCENT Ottawa
5800 QUEENSCOURT CRESCENT
 $2,999,000 5 5 155.16 x 454.33 FT ; 0 Ottawa ENGEL & VOLKERS OTTAWA
667 FENWICK WAY Ottawa
667 FENWICK WAY
 $3,800 5 5 38.19 x 98.36 FT ; 0 Ottawa ROYAL LEPAGE TEAM REALTY
2572 DOW STREET Ottawa
2572 DOW STREET
 $270,000 - - 158.83 FT ; 1|1/2 - 1.99 acres Ottawa EXIT REALTY MATRIX
123 YORK STREET Ottawa
123 YORK STREET
 $902,500 2 3 15.75 x 98.98 FT ; 0 Ottawa ROYAL LEPAGE PERFORMANCE REALTY
26 CLOVELLY ROAD W Ottawa
26 CLOVELLY ROAD W
 $3,995,000 6 6 100 x 150 FT Ottawa EXP REALTY
97 VACHON AVENUE Ottawa
97 VACHON AVENUE
 $2,695,000 - - 79.99 x 90 FT ; 0 Ottawa COLDWELL BANKER SARAZEN REALTY
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Nicolas Blackburn

SALES REPRESENTATIVE

Direct: (613) 601.2224

nblackburn@royallepage.ca

Royal LePage Team Realty

1723 Carling Ave

Ottawa, Ontario

Canada K2A 1C8

Office: 613-725-1171

Toll Free: 1-800-307-1545

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