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$849,900
Est. payment /mo
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 4103 - Ottawa Centre
MLS Listing ID X13856626
Style 2-Storey
Bedrooms 5
Annual Tax Amount $8,187
Tax Year 2025
Property Sub-Type Fourplex
Property Description
395 McLeod Street represents a compelling investment opportunity in the heart of Centretown, one of Ottawa's most established and consistently in-demand urban neighbourhoods. As of July 2025, the property generated $59,582.64 in gross rental income, with total operating expenses of $19,510.59, resulting in a net income of $40,072.05. Adding to its appeal is the property's R4UD - Residential Fourth Density, Subzone UD zoning, which permits a range of residential uses and is intended to accommodate low-rise, multi-unit housing. This designation provides additional long-term investment and redevelopment potential, subject to applicable zoning provisions and municipal approvals.Ideally situated in Centretown, the property offers exceptional walkability and convenient access to downtown Ottawa, Parliament Hill, major employment hubs and key transit routes. The vibrant Bank Street and Elgin Street corridors are nearby, offering an extensive selection of restaurants, shops, services and everyday amenities.The central location continues to support strong rental demand from professionals, government employees, students and other urban residents. With established rental income, R4UD zoning and a prime downtown location, 395 McLeod Street offers an attractive combination of current cash flow and future potential.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Floor Drain, Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 35.0
Lot Depth 99.0
Total Parking Spaces 3
Building
Unit Features Public Transit
Foundation Stone
Others
ParcelsYN No
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Listed by ROYAL LEPAGE TEAM REALTY
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