421 Gilmour Street, Ottawa

Cooling: Wall unit
Heating: Hot water radiator heat
Structure Type: Other
Exterior Features: Brick

Bathrooms: 3
Living area: 4801 square feet
Type: Commercial
Added: 2 days ago
Updated: 2 days ago
Last Checked: 3 hours ago
Listed by: RE/MAX HALLMARK REALTY GROUP
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Listing description
This Commercial listing at 421 Gilmour Street Ottawa, ON with the MLS Number x12376077 listed by Zaid Al-Tellawi - RE/MAX HALLMARK REALTY GROUP on the Ottawa market 2 days ago at $1,624,000.

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:1945)

Property Details Key information about 421 Gilmour Street