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.
Address
488 & 490 Gilmour Street
List Price
$2,999,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
County
Ottawa
Lot Size Source
GeoWarehouse
Lot Depth
33.22
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
8.69
MLS® Number
X12133741
Listing Brokerage
COLLIERS
Postal Code
K1R 5L4
Tax Amount
$24,106.00
Tax Year
2024
Heat Type
Gas Forced Air Open
Cooling Features
No
Garage Type
None
