Multi-unit
$884,900
360 Gilmour Street
Ottawa Centre, Ottawa
- 4 bd
- 4 ba
- Duplex
1 / 24
$849,900
Ottawa Centre, Ottawa, ON K1R6C8 · MLS® X13621702
Rare Centretown 50ft wide frontage duplex steps from Somerset offered by the Estate at $869,900 with vacant possession and flexible closing. Probate is complete. Zoned CM1, with 4 private drive parking spaces, a genuine rarity in the core. Two self-contained units: main floor unit features 2 bedrooms, eat-in kitchen, and full bath; upper unit mirrors the layout with 2 bedrooms, kitchen, living room and bath. Market rents in this area support $1,850-$2,100/unit, projected gross of $44,400-$50,400/yr plus parking at ($170+/space/month, 4 spaces, $8,160+/yr gross). Hot water tank (2019) on rental. Sold as-is, where-is - estate sale, no representations or warranties. 24-hr irrv on all offers. An excellent opportunity for professionals seeking a well-located, move-in-ready home with additional cash flow that offers both functionality and value. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Royal Lepage Integrity Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.