395 MCLEOD STREET, Ottawa
$869,900
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 5 bedrooms, 4 bathrooms
- Living area
- 2,500 sqft
- MLS®
- MLS® X13416378
- Neighbourhood
- 4103 - Ottawa Centre
395 McLeod Street represents a compelling investment opportunity in the heart of Centretown, one of Ottawa's most established and consistently in demand urban neighbourhoods. As of July 2025, the property generated $59,582.64 in gross rental income, with total operating expenses of $19,510.59, resulting in a strong net income of $40,072.05. These figures reflect stable performance, efficient cost management, and dependable cash flow, making the property well suited for investors seeking both income reliability and long term value preservation.Centrally located, the property benefits from exceptional walkability and proximity to downtown Ottawa, Parliament Hill, major employment hubs, and key transit routes. The surrounding area is anchored by the vibrant commercial corridors of Bank Street and Elgin Street, offering a wide range of restaurants, retail, and daily amenities. This location continues to attract a diverse and stable tenant base, including government employees, professionals, and students, supporting consistent rental demand and favourable long term growth potential. With its strong financials and prime urban setting, 395 McLeod Street is a solid addition to a well balanced real estate investment portfolio.
Sold data
Multiplex homes in Ottawa — recent sold market
Multiplex homes in Ottawa took a median of 40 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 42 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $884,450.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
- Median days to sell
- 40
- Median sale price
- $884,450
- Sale-to-list ratio
- 97.4%
- Sold above asking
- 7%
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Ottawa
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
- Rated schools
- 217
- Elementary
- 174
- Secondary
- 43
- Average rating
- 6.2 / 10
Top-rated schools in Ottawa
- Hopewell Avenue — elementaryFraser rating 8.5/10
- Agincourt Road — elementaryFraser rating 8.4/10
- First Avenue — elementaryFraser rating 8.4/10
- Nepean — secondaryFraser rating 8.3/10
- Elmdale — elementaryFraser rating 8.2/10
- Jean-Robert Gauthier — elementaryFraser rating 8.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 395 MCLEOD STREET
$988,000
Multiplex4+132,000–2,500 sqft20 PRIMROSE AVENUE, 4204 - West Centre Town, Ottawa
$849,900
Multiplex531,100–1,500 sqft208 MONTFORT STREET, 3402 - Vanier, Ottawa
$799,900
Detached6+242,000–2,500 sqft255 STONEWAY DRIVE, 7710 - Barrhaven East, Ottawa
$899,999
Detached5+142,000–2,500 sqft1808 ROBINWOOD PLACE, 2009 - Chapel Hill, Ottawa
$899,000
Detached5+142,000–2,500 sqft1312 BAYVIEW DRIVE, 9301 - Constance Bay, Ottawa
$779,900
Detached5+141,500–2,000 sqft142 SHALLOW POND PLACE E, 1118 - Avalon East, Ottawa
$714,900
Detached431,500–2,000 sqft526 STURNIDAE STREET, 7711 - Barrhaven - Half Moon Bay, Ottawa
$729,900
Detached5+142,000–2,500 sqft27 BRAMBLEGROVE CRESCENT, 3806 - Hunt Club Park/Greenboro, Ottawa