DAVID OIKLE

BROKER

421 GILMOUR STREET
Ottawa, Ontario K2P0R5

$1,624,000

ID# X11986538
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:25961)

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General Inquiry
Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: February 19, 2025

On market: 64 days
Bathroom Total 0
Bedrooms Total 0
Cooling Type Wall unit
Heating Type Hot water radiator heat
Stories Total 3

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Address Price Bed Bath SqFt Area Sub Area Brokerage
D - 119 CARRUTHERS AVENUE Ottawa
D - 119 CARRUTHERS AVENUE
 $1,800 1 1 Ottawa ROYAL LEPAGE TEAM REALTY
103 CASITA PRIVATE Ottawa
103 CASITA PRIVATE
 $2,600 2 3 Ottawa RE/MAX HALLMARK REALTY GROUP
204 DALKEITH Ottawa
204 DALKEITH
 $1,199,900 2 3 20 x 74.9 FT Ottawa ROYAL LEPAGE TEAM REALTY
602 ROCKROSE WAY Ottawa
602 ROCKROSE WAY
 $985,000 3 3 50 x 101.7 FT Ottawa RE/MAX ABSOLUTE WALKER REALTY
904 - 179 GEORGE STREET Ottawa
904 - 179 GEORGE STREET
 $289,000 1 1 Ottawa SOLID ROCK REALTY
301 - 2871 RICHMOND ROAD Ottawa
301 - 2871 RICHMOND ROAD
 $319,000 2 2 Ottawa ROYAL LEPAGE TEAM REALTY
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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