$ 2,395,000
161-163 Gilmour Street
161-163 Gilmour Street, Ottawa, ON K2P0N8 Photo 1
50 Photos
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161-163 Gilmour Street, Ottawa

Few properties in Ottawa carry the locational weight of 161-163 Gilmour Street. Fronting directly onto Minto Park in the heart of the Golden Triangle, steps from Elgin Street, the Rideau Canal, and Parliament Hill, this is the kind of address that keeps units filled and tenants renewing. This fully occupied 5-unit multiplex generates $11,358 per month in gross rent, $136,302 annually, with a Net Operating Income of approximately $96,584 and a cap rate of 4.03%. It has been continuously occupied since the current owner's purchase in 2019, with rents adjusted annually in accordance with the Landlord and Tenant Board guideline and no vacancy at any point during that period. The unit mix includes a 3 bedroom/2 bathroom, two 2 bedroom/1 bathroom units, and two 1 bedroom/1 bathroom units; a diversified range of price points within a single asset, each with its own large outdoor patio. Over $275,000 has been invested since 2020, covering two new boilers (2022), seven hot water tanks with 10-year warranties (2020/21), a full exterior restoration including brick re-pointing, rebuilt front arches, interlock walkway, and a complete repaint (2023), full asphalt paving of the parking area and laneway (2025), an ongoing window replacement program, individual unit renovations across multiple floors, refreshed building hallways, and a new coin-operated laundry (2026). The building is on active professional service contracts for snow removal, annual HVAC maintenance, and fire safety inspections; run like an investment, not a hobby. Parking is included for four of the five units. Full financial detail and a complete capital improvement history are available; investor package attached. The Golden Triangle draws government workers, downtown professionals, and students year-round, and with multiple OC Transpo routes at the door and virtually everything within walking distance, the tenant pool here is deep and the vacancy risk is about as low as it gets in this city. (id:1945)
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Property details for 161-163 Gilmour Street, Ottawa

Type
Multi-family
Bedrooms
9
Bathrooms
6
Lot Size
50.1 x 109 FT
Stories
3
Basement
Unfinished, Full
Parking
No Garage
Heating
Natural gas
Cooling
None
Exterior
Brick
Annual Taxes
$14,711

Nearby Listings Stat

Estimated price and comparable properties near 161-163 Gilmour Street

Active Listings
1
Min Price
$2,395,000
Max Price
$2,395,000
Avg Price
$2,395,000
Days on Market
0
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Neighbourhood Census Data

Ottawa, Ontario

Population
623
Median Age
33.3
Median Income
$44,075
Dwelling Value
$848,517

Housing Tenure

Owners 11%
Renters 89%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.5
Pop. Density: 12,485.0/km²
Avg Shelter Cost: $2,470/mo
Owners with Mortgage: 55.6%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 38.4%
English only: 50.4%
French only: 0.8%
English and French: 48.8%
Median Household Income: $62,336
Median Employment Income: $41,344

Price History

Listed
September 21, 2026
by RE/MAX HALLMARK REALTY GROUP
Current Price
$2,395,000
Type
Multi-family
For Sale
161-163 Gilmour Street

Contact Agent Get in touch about 161-163 Gilmour Street, Ottawa

Serge Guenette
Serge Guenette
RE/MAX HALLMARK REALTY GROUP

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