421 Gilmour Street, OttawaCentre, ON K2P 0R5

Ottawa Centre K2P 0R5 Ontario

MLS: X11983849

$1,624,000

Added 2 days ago | For Sale

Listed by: RE/MAX HALLMARK REALTY GROUP

About Property

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%, 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.

Features

  • House Style:Office
  • Bathrooms:
  • Land Size: 44 X 108.99
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:Bank street
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $25738
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Water Radiators
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X11983849

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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