421 Gilmour Street

421 Gilmour Street
421 Gilmour Street
421 Gilmour Street
+21
$1,649,000
For Sale
42 days
 on site
$1,649,000
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Size
-
Lot size
4823 sqft
Street frontage
-
Possession
-
Price per sqft
-
Taxes
$25,738 (2025)
Parking Type
-
Style
3-Storey
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Description
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.
Broker: RE/MAX HALLMARK REALTY GROUP
MLS®#: X11986538
Property details
Parking:
6
Parking type:
-
Property type:
Multiplex
Heating type:
Water
Style:
3-Storey
MLS Size:
-
Lot front:
44 Ft
Lot depth:
108 Ft
Listed on:
Feb 19, 2025
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Instant estimate:
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$32,293
lower than listed price
i
High
$1,697,542
Mid
$1,616,707
Low
$1,535,871

About 421 Gilmour Street

Located at 421 Gilmour Street, this Ottawa multiplex is available for sale. It was listed at $1649000 in February 2025 421 Gilmour Street, Ottawa is situated in Centre Town, with nearby neighbourhoods in Downtown Ottawa, The Glebe, Centre Town West and Lebreton.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

If you are looking for transit, don't fear, there is a Bus Stop (CATHERINE / O'CONNOR) a 6-minute walk.