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    For Sale - 161-163 Gilmour Street, Ottawa Centre, Ontario

    Est payment $9,599/mo
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    Time on Jump  5 day

    AI Summary *

    • Prime location on Minto Park in the desirable Golden Triangle.
    • Fully occupied 5-unit multiplex generating strong rental income.
    • Diverse unit mix with outdoor patios catering to various tenants.
    • Significant investment in renovations and maintenance since 2020.
    • Low vacancy risk with excellent access to public transport and amenities.




    Few properties in ottawa carry the locational weight of 161-163 gilmour street. Fronting directly onto minto park in the heart of the golden triangle, steps from elgin street, the rideau canal, and parliament hill, this is the kind of address that keeps units filled and tenants renewing. This fully occupied 5-unit multiplex generates $11,358 per month in gross rent, $136,302 annually, with a net operating income of approximately $96,584 and a cap rate of 4. 83%. It has been continuously occupied since the current owner's purchase in 2019, with rents adjusted annually in accordance with the landlord and tenant board guideline and no vacancy at any point during that period. The unit mix includes a 3 bedroom/2 bathroom, two 2 bedroom/1 bathroom units, and two 1 bedroom/1 bathroom units; a diversified range of price points within a single asset, each with its own large outdoor patio. Over $275,000 has been invested since 2020, covering two new boilers (2022), seven hot water tanks with 10-year warranties (2020/21), a full exterior restoration including brick re-pointing, rebuilt front arches, interlock walkway, and a complete repaint (2023), full asphalt paving of the parking area and laneway (2025), an ongoing window replacement program, individual unit renovations across multiple floors, refreshed building hallways, and a new coin-operated laundry (2026). The building is on active professional service contracts for snow removal, annual hvac maintenance, and fire safety inspections; run like an investment, not a hobby. Parking is included for four of the five units. Full financial detail and a complete capital improvement history are available; investor package attached. The golden triangle draws government workers, downtown professionals, and students year-round, and with multiple oc transpo routes at the door and virtually everything within walking distance, the tenant pool here is deep and the vacancy risk is about as low as it gets in this city.
    Listing IDX14020934
    Address161-163 Gilmour Street
    CityOttawa Centre, Ontario
    Price$1,999,000
    Bed / Bath9 / 6 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Intercom, Separate Heating Controls, Separate Hydro Meter, StorageAmenities Public Transit, Rec./Commun.Centre, ParkOwnership FreeholdViews Park/GreenbeltBasement Full, UnfinishedFoundation BlockHeating / Cooling WaterHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Brokerage: RE/MAX HALLMARK REALTY GROUP

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    161-163 Gilmour Street
    Ottawa Centre , Ontario
    9 6 $1,999,000
    Get more info