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

475 Maclaren Street Ottawa, Ontario K1R 5K5

8 Bedroom 6 Bathroom 3,500 - 5,000 sqft
Fireplace Window Air Conditioner

$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)

Property Details

MLS® Number X13691960
Property Type Multi-family
Community Name 4103 - Ottawa Centre
Amenities Near By Public Transit
Parking Space Total 3

Building

Bathroom Total 6
Bedrooms Above Ground 8
Bedrooms Total 8
Amenities Fireplace(s)
Appliances Dishwasher, Stove, Washer, Refrigerator
Basement Development Partially Finished
Basement Type Partial (partially Finished)
Cooling Type Window Air Conditioner
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present Yes
Fireplace Total 2
Foundation Type Stone
Heating Fuel Natural Gas
Stories Total 3
Size Interior 3,500 - 5,000 Sqft
Type Other
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 109 Ft ,9 In
Size Frontage 58 Ft
Size Irregular 58 X 109.8 Ft
Size Total Text 58 X 109.8 Ft
Zoning Description R4t[733]

Utilities

Cable Available
Electricity Available
Sewer Available

https://www.realtor.ca/real-estate/30173875/475-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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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.