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$2,595,000
Available - For Sale
Listing ID: X11960048
Welcome to an exceptional investment opportunity in one of downtown's most desirable and bustling neighbourhoods - Centretown! This well-maintained 10-unit building offers bright and spacious apartments, a strong tenant-base, thoughtful building upgrades, and a large rear yard that is prime for development potential with R4 zoning! 484-486 Gilmour Street sits on an impressive 56'x108' lot, perfectly positioned on a quiet one-way residential street, only steps to Centretown's office and commercial district, countless amenities, public transit, and trendy local businesses. All units are located above-grade and comprised of four spacious and bright one-bedroom units, one two-bedroom unit, one three-bedroom unit and four large bachelor suites with hardwood flooring throughout. This unique building offers tenants a variety of coveted outdoor decks, balconies and outdoor spaces to enjoy during the warmer months of the year. The welcoming and warm common hallways have been updated with fresh paint, recently upgraded hardwood flooring, and LED light fixtures. The card operated laundry system offers additional great income and the basement area is well appointed with ample storage space to create storage lockers to boost the annual income.
Price $2,595,000
Taxes: $24,187
Tax Type: Annual
Occupancy by: Owner
Address: 484-486 Gilmour St , Ottawa Centre, K1R 5L4, Ontario
Postal Code: K1R 5L4
Province/State: Ontario
Lot Size: 56.95 x 108.69 (Feet)
Directions/Cross Streets: Kent Street & Gilmour Street
Zoning: R4T
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 4,000
Total Area Code:  Sq Ft
Taxes Expense: $24187
Insurance Expense: $10888
Maintenance: 2,022
 Heat Expenses: $5242
 Hydro Expense:  $3147
Water Expense: $4610
Other Expenses: $2022
Gross Income/Sales: $170983
Operating Expenses: $50096
Net Income Before Debt: $120887
Year Expenses: 2024
Expenses Actual/Estimated: $Act
Heat Type: Water Radiators
Central Air Conditioning: N
Water: Municipal
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CAPITAL COMMERCIAL INVESTMENT CORP.

484-486 Gilmour St , Ottawa Centre, K1R 5L4, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
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Lot Size: 56.95 x 108.69(Feet)
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Tax: $24,187
Maintenance Fee: $2,022
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