Address
475 Maclaren Street, Ottawa, ON
Price
$ 1,696,000

Your Agent

Nancy McCluskey

Sales Representative

613-704-3063


Listing provided by Nancy McCluskey, Sales Representative, REMAX Hallmark Realty Group

Property Attributes
  • ID#X13691960
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityOttawa
  • CityOttawa
  • Area4103 - Ottawa Centre
  • Neighbourhood4103 - Ottawa Centre
  • Postal CodeK1R 5K5
  • Style
  • Price$ 1,696,000
  • Bedrooms8
  • Bathrooms6
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description

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. (id:7434)

General Features

Property Type Multi-family
Zoning Description R4T[733]
CommunityName 4103 - Ottawa Centre
Amenities Public Transit
Building Amenities Fireplace(s)
Building Appliances Dishwasher, Stove, Washer, Refrigerator
Building Cooling Type Window air conditioner
Location Description Cross Streets: Bank & Kent. ** Directions: Bank Street to MacLaren Street. Property is located between Bank Street and Kent Street.
Parking Space Total 3
Foundation Type Stone
Building Type Other
Building.StoriesTotal 3

Interior Features

Building Fireplace Present True
Building Fireplace Total 2
Building Heating Fuel Natural gas
Basement Development Partially finished
Basement Type Partial (Partially finished)
Living Area Range 3500
Bedrooms 8

Exterior Features

Land Amenities Public Transit
Sewer Sanitary sewer
Exterior Finish Brick

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K1R 5K5

Price
AVG $1.7M
$1.7M

Your Agent

Nancy McCluskey

Sales Representative

613-704-3063


Listing provided by Nancy McCluskey, Sales Representative, REMAX Hallmark Realty Group

Listed By
LPT REALTY

Areas We Cover