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$1,696,000

Active
475 MacLaren Street, Ottawa, ON· Ottawa Centre
8
Bedrooms
6
Bathrooms
3500-5000
Sq Ft
$339–$485
Per Sq Ft
3
None Parking

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About this Property

This majestic Victorian classic is beautifully situated upon a prime 58 ft lot at 475 MacLaren. One of the finest streets in downtown Ottawa with a delightful canopy of trees and remarkable properties of architectural distinction - just half a block East of Dundonald Park. Originally built for Canada's first Postmaster General, now comprises five impressive, renovated one- and two-bedroom rental suites. Family-owned all these 38 years. Thoughtfully upgraded, meticulously maintained, and built to endure. This turn-of-the-century property features a mix of high ceilings, hardwood floors, and beautiful art deco heating radiators throughout and as it stands blends historic charm with modernized building systems. Major upgrades include renovated kitchens and baths with granite, ceramics and stainless steel appliances; quality fibreglass-framed windows; updated electrical wiring and panels; replacement plumbing stacks; interior foundation treatment (2018); stone foundation repointing (2019); boiler (2001); two hot water tanks in parallel (2015 & 2025); roofing (2005 & 2016); five hydro meters; hardwired smoke detectors; tenant lockers; storage and garbage sheds; and seven window A/C units. Unit 1 is an exceptionally spacious two-bedroom suite offering a gas fireplace, wood-burning fireplace in the living room, five-piece ensuite, in-unit laundry and private deck. Residents enjoy a welcoming veranda, lobby, balconies, patios and deck areas. The lower level provides shared coin-operated laundry, private storage lockers and workshop space. Parking accommodates three or more vehicles in tandem. The grounds are attractively landscaped with generous side and rear yard amenities. The investment fundamentals are compelling, with an NOI of $72,000 and plenty of room. Just steps from Somerset Street, Bank Street, Parliament Hill, LRT transit, cycling infrastructure, restaurants, cafés, shopping, grocery stores and everyday conveniences .Well worth a discussion and site visit.

Listed by LPT REALTY · MLS# X13691960

Features & Details

Property details of 475 MacLaren Street, Ottawa, ON

Property TypeMultiplex
Style3-Storey
Size3500-5000 sq ft
BasementPartially Finished, Full
Total Parking3

Location

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Mortgage Calculator

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%
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Mortgage Payment$8,332/monthly
Principal54%
Interest46%
Principal Amount$1,356,800
Interest$1,142,782
Total Payable$2,499,582
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$8,332
Mortgage + Expenses$8,332
$
$
$
$
$
Monthly Cash Flow-$8,332

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
+1 (613) 804-9117ak@realtorakash.ca
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

$1,696,000

475 MacLaren Street, Ottawa, ON