421 Gilmour Street, Ottawa Centre | Image 1

421 Gilmour Street

Ottawa Centre, 4103 - Ottawa Centre

  • Commercial

$1,649,000
For Sale

Added 3 days ago

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  • Type: Office

  • Property Type: Commercial

  • Zoning: GM (General Mixe

  • Age: No Data

  • Taxes: 30281

  • MLS®#: X11983849

  • Days on Site: 3 Days

  • Added: Feb 19, 2025 (3 days ago)

  • Updated:

  • Last Checked: 11 hours ago

  • 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%, but with zoning allowing for a wide range of uses. Soaring 12 ft ceilings and oversized new vinyl windows flood the space with natural light. Luxury vinyl floors, and soundproof walls create a premium environment. A new roof installed in 2020 and full interior/exterior renovation (2022) and upgrades ensure minimal maintenance costs. On-site parking for 6-7 cars, supplemented by ample street parking and wheelchair accessible ramp, adds significant value and convenience to tenants and their clients. This prime location, combined with the extensive renovations and flexible GM zoning, makes this property a truly rare find.

Property

  • Status: Sale

  • Property Type: Office

  • Property Type: Office

  • Net Income: 86243

  • Area: Ottawa Centre

  • Community: 4103 - Ottawa Centre

  • Availability Date: TBD

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Water Radiators

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 38, PL 27292 , N/S OF GILMOUR ST, AS IN N398284 ; OTTAWA/N

  • Taxes: $30,281

  • Expenses: Act

  • Taxes Type: Annual

Land

  • Cross Street: Bank street

  • Municipality District: Ottawa Centre

  • Parcel Number: 041190079

  • Lot Depth: 108.99 Feet

  • Lot Frontage: 44 Feet

  • Zoning: GM (General Mixe

Commercial Specific

  • Sprinklers: N

  • Total Area: 4800.7

  • Total Area Metric: Sq Ft

  • Office Size: 3000

  • Office Size Metric: Sq Ft

  • Lot Code: Building

  • Financial Statement: N

Map of 421 Gilmour Street, Ottawa Centre
JK-6

Cambridge Street Community Public School

Elementary: Public
0.97 km
JK-8

Centennial Public School

Elementary: Public
0.67 km
JK-6

First Avenue Public School

Elementary: Public
1.19 km
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Corpus Christi Catholic Elementary School

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Elgin Street Public School

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Glashan Public School

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Urban Aboriginal Alternate High School

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Richard Pfaff Secondary Alternate Site

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Lisgar Collegiate Institute

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Adult High School

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1.53 km
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Glebe Collegiate Institute

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1.35 km
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