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$ 1,624,000
Est. payment /mo
Price Dropped by $25K
421 Gilmour ST Ottawa Centre, ON K2P 0R5
4,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $338
Subdivision 4103 - Ottawa Centre
MLS Listing ID X11983849
Annual Tax Amount $25,738
Tax Year 2024
Property Sub-Type Office
Property Description
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.
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 44.0
Lot Depth 108.99
Others
Security Features No
Listed by RE/MAX HALLMARK REALTY GROUP