$1,624,000
10.23 BTC
Photos
Map
421 Gilmour Street, Ottawa Centre
$1,624,000
PRICE
0
BEDROOMS
3
BATHROOMS
X12376077
MLSID

421 Gilmour Street, Ottawa Centre

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.
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Summary

Address
421 Gilmour Street
MLSID
X12376077
Property Type
Multiplex
Property Category
Bathrooms
3
Kitchens
1
Zoning
GM (General Mixed Use)
Taxes (Annual)
$30,281.00
Tax Year
2025
Published
September 2, 2025
Days on Market
13 Days
Possession Type
Flexible
Possession Details
Tbd
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Details

Security Features
Alarm System, Smoke Detector, Carbon Monoxide Detectors
Basement
Unfinished
Interior Features
Wheelchair Access
Parking Spaces
6
Parking Total
6
Architectural Style
3-Storey
Roof
Shingles
Construction Materials
Brick
Lot Size
4,823
Lot Width
44 Feet
Lot Depth
109 Feet
Water
Municipal
Heat Source
Other
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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