421 Gilmour Street
Ottawa (Ottawa Centre), ON K2P 0R5
- 0Bedrooms
- 3Bathrooms
- 6Parking
- 2500–3000Sq Ft
- $30,753Tax
- 44×109 ftLot Size
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About 421 Gilmour Street, Ottawa, Ottawa Centre
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $30,753
- Land Transfer Tax Fee
- $28,955
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- Wheelchair Access
- Security Features
- Alarm System, Smoke Detector, Carbon Monoxide Detectors
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 3-Storey
Construction
- Exterior Finish
- Brick
- Roof
- Shingles
- Foundation Details
- Poured Concrete
- Special Designation
- Accessibility
Lot
- Lot Front
- 44.25 ft
- Lot Depth
- 108.99 ft
- Lot Size
- 4823
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 6
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 6
Heating & Cooling
- Heat Source
- Other
- Heat Type
- Water
- Air Conditioning
- Wall Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Washrooms
- 3
- Kitchens
- 1
Washrooms
- 6-piece
- Municipality
- Ottawa
- Neighbourhood
- Ottawa Centre
- Main cross streets
- Bank street
- Zoning
- GM (General Mixed Use)
- Directions
- 421 Gilmour Street, between Kent Street and Bank Street
- MLS® number
- X12376077
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-12-02
- Listed on
- 2025-09-02
- Days on market
- 91 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- RE/MAX HALLMARK REALTY GROUP
Home Market Value
Current home valuation for 421 Gilmour Street, Ottawa, Ottawa Centre, Ottawa, ON. Listed for $1,624,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 421 Gilmour Street, Ottawa, Ottawa Centre
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$324,800
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $1,299,200 | $1,218,000 | $1,136,800 | $1,055,600 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $6,343monthly | $5,947monthly | $5,550monthly | $5,154monthly |
Land Transfer Tax
$28,955
$28,955
Around this home
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