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. (id:47423)
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Detailed Information
Lot
44 x 108.92 ft
Listing Contract Date
2025-02-19
Location Description
Bank street
Property Type
Office
Transaction Type
For sale
Zoning Description
GM (General Mixed Use)
Building
Cooling Type
Partially air conditioned
Heating Type
Hot water radiator heat
Size (Exterior)
4800.7 square feet
Type
Offices
Utility Water
Municipal water
Land
Total Size
Bldg=44 x 108.99 FT
Size of Irregular Land
Bldg=44 x 108.99 FT
Open Houses
Date & Time
Comments
02/03/2025 2:00 PM - 4:00 PM
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