161-163 GILMOUR STREET, Ottawa
$2,395,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 9 bedrooms, 6 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® X13811574
- Neighbourhood
- 4104 - Ottawa Centre/Golden Triangle
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.
Sold data
Multiplex homes in Ottawa — recent sold market
Multiplex homes in Ottawa took a median of 40 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 42 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $884,450.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
- Median days to sell
- 40
- Median sale price
- $884,450
- Sale-to-list ratio
- 97.4%
- Sold above asking
- 7%
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Ottawa
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
- Rated schools
- 217
- Elementary
- 174
- Secondary
- 43
- Average rating
- 6.2 / 10
Top-rated schools in Ottawa
- Hopewell Avenue — elementaryFraser rating 8.5/10
- Agincourt Road — elementaryFraser rating 8.4/10
- First Avenue — elementaryFraser rating 8.4/10
- Nepean — secondaryFraser rating 8.3/10
- Elmdale — elementaryFraser rating 8.2/10
- Jean-Robert Gauthier — elementaryFraser rating 8.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 161-163 GILMOUR STREET
$3,200,000
Multiplex23175,000–100,000 sqft822 MARLBOROUGH STREET N, 717 - Cornwall, Cornwall
$760,000
Multiplex975,000–100,000 sqft49/51 BRIDGE STREET W, 58 - Greater Napanee, Greater Napanee
$1,899,000
Multiplex1565,000–100,000 sqft64 GENEST STREET, 3402 - Vanier, Ottawa
$4,850,000
Multiplex14185,000–100,000 sqft343 MAIN STREET E, Picton Ward, Prince Edward County
$2,498,000
Multiplex1175,000–100,000 sqft145 SYPLES STREET, Burk's Falls, Burk's Falls
$2,495,000
Multiplex15+4135,000–100,000 sqft41 ALBERT STREET, Blakeley, Hamilton
$2,680,000
Multiplex1565,000–100,000 sqft520 HILSON AVENUE, 5003 - Westboro/Hampton Park, Ottawa
$4,900,000
Multiplex20215,000–100,000 sqft162 ALMA STREET, Rockwood, Guelph/Eramosa