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$1,099,000
Ottawa
491 Mcleod Street, Ottawa, Ontario, K1R5P7
This multi-family property in Ottawa is for sale.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 112 days on market, against an average age of 63 days across the listings currently for sale in this city
This 5-bed multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,099,000, about 14.9× the local median household income of $74,000.
Carrying it typically needs a household income of about $214,673 (20% down, 25-yr amortization, stress-tested) — roughly 190% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice