Elegant, purpose-built red-brick Victorian 4-unit across from Dundonald Park in the heart of Centretown. MacLaren is one of the finest streets in the heart of Centretown with a delightful canopy of trees and remarkable homes and properties of architectural distinction. Family-owned and exceptionally maintained with $200K+ in recent capital improvements, this turn-of-the-century building combines historic charm with modern building systems. Major upgrades include Roman-cement foundation repointing, pond-liner membrane, new weeping tile, 2 layers of SM insulation, attic to R40+, new roof (2025), interlock (2025), updated landscaping, and new high-efficiency IBC boiler (2024) with Danfoss thermal controls. Electrical is modern (1992) with 5 meters and hardwired smoke detectors. The four units feature a mix of high ceilings, hardwood floors, updated kitchens and baths, split-phase AC in 2 of the units, and efficient hydronic heat. Unit 1 is a spacious 3-bed with private deck, triple-glazed windows, renovated bathroom, in-unit laundry, and extensive insulation upgrades. Unit 2 offers 3 bright bedrooms, a front porch, updated finishes, and hardwood (2021). Unit 3 is a stylish 2-bed open-concept with quality hardwood and stainless appliances. Unit 4 is a one-bed plus den lower-level with hot-water radiators. This property includes a welcoming lobby with woodwork and shared laundry, reinforced fire escape, two storage sheds, and parking for 2 cars. Nicely landscaped yards with a rear deck and patio, river-stone drainage, cedar fencing, mature tree canopy, and attractive east-side interlock. The economics here are compelling to be sure, and worthy of a discussion. See photo gallery and 3D virtual tour. Indeed 542 MacLaren Street is a rare, turnkey investment steps to Somerset (Tim's, restaurants, etc), Bank St., The Hill., LRT transit, bike lanes, 5minute walk to IGA grocery store and other distinct and valued urban amenities. A signature Centretown asset - built to last.