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Maha Shahbazian

maha@ottawarealestate.com +1(613) 862-6242

Est. payment | -/mo

9 Beds

6 Baths

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Est. payment | -/mo

Save Virtual Tour

9 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 4104 - Ottawa Centre/Golden Triangle

MLS Listing ID X13811574

Style 3-Storey

Bedrooms 9

Annual Tax Amount $14,711

Tax Year 2026

Property Sub-Type Multiplex

Property Description

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 4.03%. 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.

Location

State ON

County Ottawa

Area Ottawa

Zoning R4P

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 5

Interior

Interior Features Intercom, Separate Heating Controls, Separate Hydro Meter, Storage

Cooling None

Inclusions 5 Fridges, 5 Stoves, 4 Hood fans, 1 Microwave/Hood fan, 5 Dishwashers, Washer & Dryer (in Unit 1), Coin operated washer & dryer (in basement)

Exterior

Parking Features Private

Pool None

View Park/Greenbelt

Roof Type Asphalt Shingle

Lot Frontage 50.1

Lot Depth 108.98

Total Parking Spaces 4

Building

Building Age 100+

Foundation Block

Others

Senior Community No

ParcelsYN Yes

Virtual Tour https://www.161-163gilmour.com

Listed by RE/MAX HALLMARK REALTY GROUP

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+1(613) 862-6242

maha@ottawarealestate.com

161-163 Gilmour ST Ottawa Centre, ON K2P 0N8

Maha Shahbazian

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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161-163 Gilmour ST

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