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$ 1,624,000
Est. payment /mo
Price Dropped by $25K
421 GILMOUR STREET Ottawa, ON K2P0R5
2,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $649
Subdivision 4103 - Ottawa Centre
MLS® Listing ID X11986538
Originating Board Ottawa Real Estate Board
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Wall unit
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by RE/MAX HALLMARK REALTY GROUP