395 McLeod Street is a strong investment opportunity located in the heart of Centretown, one of Ottawas most desirable and vibrant neighbourhoods. The property produced $52,393.85 in gross rental income in 2024, with total expenses of $22,535.09, resulting in a net income of $29,858.76. With stable returns and well-managed operating costs, this property provides reliable cash flow and long-term value.Centretown is a highly sought-after rental market, appealing to young professionals, students, and government employees alike due to its walkability and proximity to downtown, Parliament Hill, Ottawas business core, public transit, and the shops and restaurants along Bank Street and Elgin Street. Properties in this location experience consistent demand and strong rental growth potential, making 395 McLeod Street a solid addition to any investment portfolio.
Address
395 Mcleod Street
List Price
$924,900
MLS® Status
New
Expiration Date
2025-12-19
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
For Sale
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
Region
Ottawa
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
12
Bathrooms
10
Floor Area
2000-2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
99
Lot Size Units
Acres
Lot Width
35
Parcel Number
041190251
Occupant Type
Tenant
Cross Street
Bank Street & McLeod
MLS® Number
X12388016
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Unfinished
Postal Code
K2P 1A5
Posession Details
TBD
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$7,030.00
Tax Year
2024
Interior Features
Floor Drain, Water Heater
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
North
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 19, PL 30 , N/S MCLEOD ST, AS IN N485369; S/T & T/W N485369 ; OTTAWA/NEPEAN
Waterfront
No
Sewer
Sewer