Ottawa Centre, ON K1R 5L4,488 & 490 Gilmour ST
Ottawa Centre, ON K1R 5L4,488 & 490 Gilmour ST
Ottawa Centre, ON K1R 5L4,488 & 490 Gilmour ST
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$2,849,000
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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Pending

Purchase Type For Sale

Subdivision 4103 - Ottawa Centre

MLS Listing ID X12133741

Annual Tax Amount $24,106

Tax Year 2024

Property Sub-Type Investment

Property Description

This side-by side package features a fourplex which incorporates three, one-bedroom units and one bachelor, and a six-plex at 490 Gilmour offering three, one-bedroom units and three bachelor units. Both buildings share five rear parking spaces - a valuable feature in this highly walkable, transit accessible location just steps from Bank Street and the Downtown Core. Low vacancy, and professionally managed, the property generates strong, reliable income and significant long-term upside. Investors can also benefit from an assumable mortgage at 2.01%. A rare advantage in today's market.

Location

Province ON

County Ottawa

Community 4103 - Ottawa Centre

Area Ottawa

Zoning R4T[733]

Interior

Cooling No

Inclusions 10 stove/hood fans, 4 fridge freezers, 6 storage lockers in the basement.

Exterior

Utilities Available Yes

Lot Frontage 8.69

Lot Depth 33.22

Others

ParcelsYN No


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Realtor | License ID: 4757672

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488 & 490 Gilmour ST