$1,649,000
  • Open House
    Sun Mar. 16 2:00 PM - 4:00 PM

Investment For Sale In Centretown, Ottawa, Ontario

$1,649,000

Property Information:

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%. 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Exterior Finish: Brick
  • Foundation Type: Poured Concrete
  • Heating Type: Hot water radiator heat
  • Cooling Type: Wall unit

Property Features:

  • Property Type: Multi-family
  • Features: Wheelchair access
  • Irregular: Yes
  • Lot Depth: 108.9 Feet
  • Lot Frontage: 44.3 Feet
  • Lot Size: 44.25 x 108.99 FT
  • Zoning: GM (General Mixed Use)
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 6

Courtesy of: RE/MAX HALLMARK REALTY GROUP

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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