For Sale

488 & 490 Gilmour Street, Ottawa Centre, Ontario K1R 5L4

$0

488 & 490 Gilmour Street, Ottawa Centre, Ontario K1R 5L4 is For Sale and has a listing price of 2,849,000. The property is located in the Ottawa Centre . It's been on the website for 4 Days.

  • Investment
    Property Type
  • MLS ID: X12133741
  • Office Name COLLIERS
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.

Property Details
  • MLS ID: X12133741
  • Price: $2,849,000
  • Lot Depth: 33.22
  • Transaction Types: For Sale
  • Ref ID: X12133741
  • Year Built: N/A
  • Dir / Cross St: Gilmour & Bank St
  • Tax Year: 2024
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
05/08/2025 X12133741 $2,849,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Ottawa Centre
  • $726,819 Average List Price
    based on 1 year
  • 151 New Listings
    based on 30 days
  • 48 Median Days on Market
    based on 1 year
  • List vs. Selling Price 75.95 % Up
  • Sold (12mo) 161
  • Rented (12mo) 174

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Y
  • Taxes: $24,106
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBC
  • Listing Entry Date: 08/05/2025 15:12:22
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