About this property

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%. 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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X12376077
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	2,500 sq ft
Lot Size	4,823 sq ft
Beds / Baths	0 bed · 3 bath
Neighbourhood	4103 - Ottawa Centre
City	Ottawa Centre
Postal Code	K2P 0R5
Province	ON
Listed Date	September 2, 2025
Brokerage	RE/MAX HALLMARK REALTY GROUP