395 Mcleod Street, Ottawa Centre, ON K2P 1A5

$869,900
5
BD
4
BA
2,000
SqFt

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List Price
$869,900
MLS#
X13416378
Status
ACTIVE
Type
Multifamily
SubType
Fourplex
Style
2-Storey
Bedrooms
5
Bathrooms
4
Living Area
2000-2500
Province
ON
Municipality
Ottawa Centre
Area
Ottawa
Neighborhood
4103 - Ottawa Centre
Subdivision
Bank Street & Mcleod

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 strong net income of $40,072.05. These figures reflect stable performance, efficient cost management, and dependable cash flow, making the property well suited for investors seeking both income reliability and long term value preservation.Centrally located, the property benefits from exceptional walkability and proximity to downtown Ottawa, Parliament Hill, major employment hubs, and key transit routes. The surrounding area is anchored by the vibrant commercial corridors of Bank Street and Elgin Street, offering a wide range of restaurants, retail, and daily amenities. This location continues to attract a diverse and stable tenant base, including government employees, professionals, and students, supporting consistent rental demand and favourable long term growth potential. With its strong financials and prime urban setting, 395 McLeod Street is a solid addition to a well balanced real estate investment portfolio.

Additional Information

Taxes
$8,187
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Kitchens
4
Exterior
Vinyl Siding
Garage Type
None
Pool
None
Parking Spaces
3

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Calculator source: Real Geeks

Listing courtesy of ROYAL LEPAGE TEAM REALTY.