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:56069)
| MLS® Number | X11986538 |
| Property Type | Multi-family |
| Neigbourhood | Centretown |
| Community Name | 4103 - Ottawa Centre |
| Features | Wheelchair Access |
| Parking Space Total | 6 |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 109 Ft |
| Size Frontage | 44 Ft ,3 In |
| Size Irregular | 44.3 X 109 Ft |
| Size Total Text | 44.3 X 109 Ft |
| Zoning Description | Gm (general Mixed Use) |
7 public & 7 Catholic schools serve this home. Of these, 13 have catchments. There are 3 private schools nearby.
4 playgrounds, 2 community centres and 9 other facilities are within a 20 min walk of this home.
Street transit stop less than a 2 min walk away. Rail transit stop less than 1 km away.
Unfortunately this location does not yet exist in Google Street View.
https://www.realtor.ca/real-estate/27948495/421-gilmour-street-ottawa-4103-ottawa-centre
Contact us for more information
Zaid Al-Tellawi
Salesperson
(613) 236-5959
(613) 236-1515
www.hallmarkottawa.com/
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