395 Mcleod Street
Ottawa (Ottawa Centre), ON K2P 1A5
- 5Bedrooms
- 4Bathrooms
- 3Parking
- 2000–2500Sq Ft
- $8,187Tax
- 35×99 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 395 Mcleod Street, Ottawa, Ottawa Centre
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About 395 Mcleod Street, Ottawa, Ottawa Centre
Summarized Description
- Located in the heart of Centretown, Ottawa.
- Generated over $59,000 in gross rental income.
- R4UD zoning allows for multi-unit housing.
- Strong rental demand from urban residents.
- Exceptional walkability to downtown amenities.
- Potential for long-term investment and redevelopment.
- Access to major employment hubs and transit.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $8,187
- Land Transfer Tax Fee
- $13,473
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- Floor Drain, Water Heater
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Public Transit
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Stone
- Special Designation
- Unknown
Lot
- Lot Front
- 35.00 ft
- Lot Depth
- 99.00 ft
- Lot Size
- 0.08
Exclusions
- Exclusions
- Tenant's Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 3
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Radiant
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 5
- Washrooms
- 4
- Kitchens
- 4
Washrooms
- 4-piece, Main
- 4-piece, Main
- 4-piece, Second
- 4-piece, Second
- Municipality
- Ottawa
- Neighbourhood
- Ottawa Centre
- Main cross streets
- Bank Street & McLeod
- Directions
- Right on McLeod from Gladstone, Property is on the right
- MLS® number
- X13856626
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-10-16
- Listed on
- 2026-10-02
- Days on market
- 14 days
- Possession type
- 30-59 days
- Co-op commission
- 2%
- Seller
- Listed by
- ROYAL LEPAGE TEAM REALTY
Home Market Value
Current home valuation for 395 Mcleod Street, Ottawa, Ottawa Centre, Ottawa, ON. Listed for $849,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 395 Mcleod Street, Ottawa, Ottawa Centre
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $349,900 over $500K
$59,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $31,582 | $23,712 | $20,228 | $0 |
=Total mortgage | $821,139 | $788,622 | $742,643 | $679,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,009monthly | $3,850monthly | $3,626monthly | $3,320monthly |
Land Transfer Tax
$13,473
$13,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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