47
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$1,696,000
Est. payment /mo
4,670 SqFt
Active
475 MACLAREN STREET Ottawa, ON K1R5K5
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4670
Square Footage 4,670 sqft
Price per Sqft $363
Subdivision 4103 - Ottawa Centre
MLS® Listing ID X13477716
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 $70,000 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiator
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Listed by LPT REALTY
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