$834,900
For sale: Multiplex

Welcome to 356 Gilmour Street, a beautifully maintained century duplex offering historic charm, spacious living, and excellent income potential in one of Ottawa's most desirable urban neighbourhoods. Ideal for investors or buyers looking to live in one unit while generating rental income from the other, this property offers flexibility and long-term value in the heart of Centretown.This classic brick duplex features two well-appointed units generating a combined monthly rental income of $4,044. The building offers approximately 2,048 sq. ft. of interior living space, excluding the basement.Unit 1 features a bright 1-bedroom, 1-bathroom layout with an enclosed rear porch and 1 parking space. Recent updates include fresh paint, a new toilet (2025), flooring improvements, and ongoing maintenance. Heat and water are included, with the tenant responsible for hydro.Unit 2 spans the second and third floors and offers 2 bedrooms plus an additional third-floor room ideal as a bedroom, office, or flex space. The unit includes 1 full bathroom, 1 half bathroom, and 1 parking space. Recent improvements include a new bathtub with ceramic tile surround (2025).Additional property upgrades include triple-glazed windows (2023), completed stacks, a boiler system (2021), and roof replacement (2016). Flooring throughout includes hardwood, vinyl plank, ceramic tile, and carpet.Located in the heart of Centretown, residents enjoy walking access to Bank Street and Elgin Street, with cafés, restaurants, boutiques, parks, transit, downtown offices, and everyday amenities nearby. Minutes from the Rideau Canal, Parliament Hill, and the University of Ottawa, this highly walkable location continues to attract professionals and long-term tenants.Don't miss this opportunity to own a character-filled duplex in one of Ottawa's most vibrant neighbourhoods. Also available: 360 Gilmour Street as an additional investment opportunity. Measurements are approximate.
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.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.
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
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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