161-163 Gilmour Street
Ottawa Centre, ON
- 9 bed
- 6 bath
- approx. 5000 + sqft
- Multiplex
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $14,711
- Listed
- September 21, 2026
Price History
Property
- Style
- 3-Storey
- Age
- 100+
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Intercom, Separate Heating Controls, Separate Hydro Meter, Storage
- Lot Size
- 50.1 x 108.98 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Water
- Water System
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Somerset Street W and Elgin St
- Zoning
- R4P
- Parcel Number
- 041180084
- Possession
- Flexible
- Occupancy
- Tenant
Included
- 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)
- Exclusions
- All tenant belongings
- Rental Items
- None
Schools
Elementary
- Elgin Street Public School0.2 km
Public · Ottawa-Carleton DSB · 370 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 84% met the provincial standard
- École élémentaire catholique Coeur d'Ottawa0.9 km
French Catholic · CSDC du Centre-Est de l'Ontario · 195 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 100% met the provincial standard
- Lady Evelyn Alternative School0.9 km
Public · Ottawa-Carleton DSB · 95 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 38% met the provincial standard
Secondary
- Lisgar Collegiate Institute0.4 km
Public · Ottawa-Carleton DSB · 960 students
Grade 10 literacy: 91% met the provincial standard
- Immaculata High School0.9 km
Catholic · Ottawa CSB · 855 students
Grade 10 literacy: 87% met the provincial standard
- Richard Pfaff Secondary Alternate Site1.5 km
Public · Ottawa-Carleton DSB · 225 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K2P
- Population
- 18,825
- Private dwellings
- 14,113
- Median age
- 34.4
- Average household size
- 1.5
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Ottawa Centre · last 12 months
- Median sold price
- $448,500
- Homes sold
- 370
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 370 recorded sales of residential freehold properties in Ottawa Centre over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$479,000
Estimated Monthly Payment
$11,766
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $11,766/mo (20% down, 5.5%)
Taxes: $1,226/mo · Insurance: $599/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions 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.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?