491 MCLEOD STREET, Ottawa

$1,099,000

For sale: Multiplex

Multiplex at 491 MCLEOD STREET, Ottawa
Property type
Triplex
Bedrooms / bathrooms
5 bedrooms, 3 bathrooms
Living area
3,000 sqft
MLS®
MLS® X13567264
Neighbourhood
4103 - Ottawa Centre

Turn-key investment property in the heart of Centretown with 5.42% Cap rate! Exceptionally well maintained and fully leased to professionals, this triplex is a rare find in today's market. Offering three spacious units, including two two-bedroom apartments and one one-bedroom-plus-den apartment, each unit features hardwood flooring throughout, updated kitchens and bathrooms, and two units have fireplaces (one gas and one electric). Additional highlights include two parking spots, a detached garage, a fully fenced backyard, coin-operated laundry, and numerous updates including the roof (2017), interlock driveway (2020), gas boiler (2021), composite front deck (2022), front deck railings (2026) and freshly painted stucco exterior (2026). Ideally located just steps from Bank Street's shops, restaurants, cafés, transit, and downtown amenities.

Sold data

Homes in Ottawa Centre — recent sold market

Homes in Ottawa Centre took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 51, across 80 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $427,450.

Homes sold for about 2.8% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$427,450
Sale-to-list ratio
97.2%
Sold above asking
9%

Based on 80 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 491 MCLEOD STREET