Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

475 Maclaren Street Ottawa, Ontario K1R 5K5

4,670 sqft
Partially Air Conditioned Radiator

$1,696,000

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 $79,000 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:67947)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X13477716
Property Type Multi-family
Community Name 4103 - Ottawa Centre
Amenities Near By Highway, Public Transit
Parking Space Total 3

Building

Appliances Dishwasher, Washer
Cooling Type Partially Air Conditioned
Heating Type Radiator
Size Exterior 4670 Sqft
Size Interior 4,670 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Depth 109 Ft ,9 In
Size Frontage 57 Ft ,11 In
Size Irregular Bldg=57.95 X 109.75 Ft
Size Total Text Bldg=57.95 X 109.75 Ft
Zoning Description R4t[733]

https://www.realtor.ca/real-estate/29940535/475-maclaren-street-ottawa-4103-ottawa-centre

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Gary Underwood, Lpt Realty

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