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.
MLS# | X11983849 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 22 |
Listing Provided By | RE/MAX HALLMARK REALTY GROUP | X11983849 504301 |
SQ Feet | 4,800 |
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Acreage | 0.11 |
Province | ON |
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Region | Ottawa |
City | Ottawa |
Postal Code | K2P |
Area | 4103 Ottawa Centre |
Listing VS Median (In K2P) | |
Price: $1,649,000 low | high Med: $463,794 SqFt: 4,800 low | high Med: 1,975 $ / SqFt: $344 low | high Med: $216 On site: 22 low | high Med: 27.500000 |