For Sale: 161-163 Gilmour Street, Ottawa, ON - REW
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$2,395,000
9 bd • 6 ba • 5000 - 99999 sf • Multifamily
161-163 Gilmour Street
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$2,395,000
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161-163 Gilmour StreetOttawa, ON, K2P 0N8

Centretown
  • 9 Bed
  • 6 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Serge Guenette, Salesperson, RE/MAX HALLMARK REALTY GROUP

Home facts and features

Price details
List Price
$2,395,000
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Gross Taxes for 2026
$14,711
Home facts
Bedrooms
9
Full Bathrooms
6
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Lot Size
50 ft x 109 ft (5460 ft²)
Depth
109 feet
Frontage
50.1 feet
Exterior Finish
Brick
Heating Type
Natural gas
Basement Details
Unfinished, Full
Features
Separate Electricity Meters, Separate Heating Controls
Appliances
Dishwasher, Dryer, Hood Fan, Intercom, Microwave, Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Serge Guenette
Primary Broker
RE/MAX HALLMARK REALTY GROUP
Listing details
Days on REW
1 Day
MLS® Number
X13811574
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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Property Insights

Elgin Street Public School
  • Public
  • JK - 6
Lisgar Collegiate Institute
  • Public
  • 9 - 12
Immaculata School
  • Catholic
  • K - 12
Lady Evelyn Alternative School
  • Public
  • JK - 6
Glashan Public School
  • Public
  • 7 - 8
Viscount Alexander Public School
  • Public
  • JK - 6
ÉEP Francojeunesse
  • Public
  • JK - 6
First Avenue Public School
  • Public
  • JK - 6
Centennial Public School
  • Public
  • JK - 8
York Street Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Serge Guenette
Phone:
(613) 299-2311
Office:
613-236-5959
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