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$1,649,000
Available - For Sale
Listing ID: X11983849
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%, 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.
Price $1,649,000
Taxes: $30,281
Tax Type: Annual
Occupancy by: Tenant
Address: 421 Gilmour St , Ottawa Centre, K2P 0R5, Ontario
Postal Code: K2P 0R5
Province/State: Ontario
Legal Description: PT LT 38, PL 27292 , N/S OF GILMOUR ST,
Lot Size: 44 x 108.99 (Feet)
Directions/Cross Streets: Bank street
Zoning: GM (General Mixe
Category: Office
Building Percentage: Y
Total Area: 4,800.7
Total Area Code:  Sq Ft
Office/Appartment Area: 3000
Office/Appartment Area Code: Sq Ft
Financial Statement: N
Net Income Before Debt: $86243
Year Expenses: 0
Expenses Actual/Estimated: $Act
Sprinklers: N
Heat Type: Water Radiators
Central Air Conditioning: Part
Elevator Lift: None
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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CMHC/GE $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY GROUP

421 Gilmour St , Ottawa Centre, K2P 0R5, Ontario


 
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At a Glance:
Type: Com - Office
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
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Lot Size: 44.00 x 108.99(Feet)
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Tax: $30,281
Maintenance Fee: $0
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