Listed for:Listed Jul 15, 2026
$1,099,000

491 Mcleod Street

Ottawa (Ottawa Centre), ON K1R 5P7

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 491 Mcleod Street, Ottawa, Ottawa Centre

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 491 Mcleod Street, Ottawa, Ottawa Centre

Summarized Description

  • Turn-key investment with 5.42% Cap rate.
  • Fully leased to professionals.
  • Three spacious units available.
  • Updated kitchens and bathrooms in all units.
  • Hardwood flooring throughout the property.
  • Detached garage and two parking spots.
  • Fully fenced backyard for privacy.
  • Prime location near shops and transit.

Turn-key investment property in the heart of Centretown with 5.42% Cap rate! Exceptionally well maintained and fully leased to professionals, this triplex is a rare find in today's market. Offering three spacious units, including two two-bedroom apartments and one one-bedroom-plus-den apartment, each unit features hardwood flooring throughout, updated kitchens and bathrooms, and two units have fireplaces (one gas and one electric). Additional highlights include two parking spots, a detached garage, a fully fenced backyard, coin-operated laundry, and numerous updates including the roof (2017), interlock driveway (2020), gas boiler (2021), composite front deck (2022), front deck railings (2026) and freshly painted stucco exterior (2026). Ideally located just steps from Bank Street's shops, restaurants, cafés, transit, and downtown amenities.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$8,570
Land Transfer Tax Fee
$18,455

Rental Items

Rental Equipment
hot water tanks (3)

Basement Type
Full, Unfinished

Interior Features

Laundry Level
Lower Level
Interior Extras
Separate Hydro Meter
Fireplace/Stove
Yes
Fireplace Features
Natural Gas, Electric
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
3-Storey

Construction

Exterior Finish
Stucco (Plaster), Aluminum Siding
Roof
Asphalt Shingle, Tar and Gravel
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
33.00 ft
Lot Depth
99.00 ft

Inclusions

Inclusions
3 fridges, 3 stoves, 2 dishwashers, 3 hood fans, coin operated washer and dryer

Exclusions

Exclusions
tenants belongings

Parking & Garages

Garage Type
Detached
Garage Spaces
0
Parking Spaces
2
Total Garage And Parking Spaces
2

Heating & Cooling

Heat Source
Gas
Heat Type
Water
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
5
Washrooms
3
Kitchens
3

Washrooms

  • 3-piece, Main
  • 3-piece, Third
  • 4-piece, Second

Municipality
Ottawa
Neighbourhood
Ottawa Centre
Main cross streets
Lyon
Directions
Lyon to Mcleod
Waterfront
None

MLS® number
X13567264
Data source
Toronto Regional Real Estate Board
Listed on
2026-07-15
Updated on
2026-07-15
Days on market
93 days
Possession type
Flexible
Co-op commission
2% plus HST
Seller
Listed by
ENGEL & VOLKERS OTTAWA

Home Market Value

Current home valuation for 491 Mcleod Street, Ottawa, Ottawa Centre, Ottawa, ON. Listed for $1,099,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 491 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

$
Ottawa, ON
Minimum Down Payment Required:7.7%

5% on first $500K + 10% on $599,000 over $500K

Minimum down payment

$84,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$40,531$30,662$26,156$0
=Total mortgage
$1,053,809$1,019,762$960,306$879,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$5,145monthly$4,979monthly$4,689monthly$4,293monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$18,455

Total Land Transfer Tax

$18,455

Around this home

9/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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