488-490 Gilmour St Immeuble residentiel 10 lots 1 902 201 € (190 220 €/Lot) Taux de capitalisation 4,93 % Ottawa, ON K1R 5L4

Situated in the heart of Centretown Ottawa, 488 & 490 Gilmour Street presents a rare opportunity to acquire a well-located, income-generating multi-family asset in one of the city’s most desirable rental markets.

This 10-unit property comprises a balanced unit mix of six one-bedroom and four bachelor apartments, spread across a fourplex and sixplex configuration. The building caters to a broad tenant demographic, including young professionals and students drawn to the area’s walkability and urban amenities.

The property includes five surface parking spaces located at the rear, offering valuable convenience in a downtown setting where parking is often limited. Each unit has been well-maintained, and the overall condition of the building supports strong ongoing rental demand.

A significant value proposition of this investment is an assumable mortgage at 2.01% providing the purchaser with immediate financial leverage and positive cash flow from the outset.

Located within walking distance to shops, restaurants, public transit, 488-490 Gilmour Street is ideally positioned to deliver stable returns and long-term appreciation. With Ottawa’s rental market characterized by low vacancy and limited new supply, this asset offers both immediate income and enduring growth potential.