Added 1 month ago
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Type: Multiplex
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Style: 3-Storey
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Lot Size: 44.25 x 108.99 Feet
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Age: No Data
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Taxes: $30,281 per year
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Days on Site: 5 Days
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Added: Feb 19, 2025 (1 month ago)
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Updated:
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Last Checked: 1 week ago
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MLS®#: X11986538
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Listed By: Re/max hallmark realty group
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%. 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.
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Property
Status: Sale
Property Type: Multiplex
Style: 3-Storey
Area: Ottawa Centre
Community: 4103 - Ottawa Centre
Availability Date: TBD
Inside
Den/Family Room: No
Air Conditioning: Wall Unit
Fireplace: No
Central Vacuum: N
Building
Basement: None
Heat Type: Water
Heat Source: Other
Exterior: Brick
Water Supply: Municipal
Special Designation: Accessibility
Parking
Garage Type: None
Covered Parking Spaces: 6
Total Parking Spaces: 6
Fees
Tax Year: 2024
Tax Legal Description: PT LT 38, PL 27292 , N/S OF GILMOUR ST, AS IN N398284 ; OTTAWA
Taxes: $30,281
Land
Cross Street: Bank street
Municipality District: Ottawa Centre
Fronting On: North
Parcel Number: 041190079
Pool: None
Sewer: Sewers
Lot Depth: 108.99 Feet
Lot Frontage: 44.25 Feet
Zoning: GM (General Mixe
Walker's Paradise
- Daily errands do not require a car.
Excellent Transit
- Most errands can be accomplished by public transportation.
Biker's Paradise
- Daily errands do not require a car.
- — bath
- — bed
278 BAYSWATER Avenue, Dows Lake - Civic Hospital and Area, Ontario • K1Y 2H1
Cambridge Street Community Public School
Elementary: PublicCentennial Public School
Elementary: PublicFirst Avenue Public School
Elementary: PublicCorpus Christi Catholic Elementary School
Elementary: CatholicElgin Street Public School
Elementary: PublicGlashan Public School
Elementary: PublicUrban Aboriginal Alternate High School
Secondary: PublicRichard Pfaff Secondary Alternate Site
Secondary: PublicImmaculata High School
Secondary: CatholicLisgar Collegiate Institute
Secondary: PublicAdult High School
Secondary: PublicGlebe Collegiate Institute
Secondary: Public-
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