475 Maclaren Street Ottawa, Ontario K1R 5K5
$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 the heart of Centertown 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 28 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:65396)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13477716 |
| Property Type | Multi-family |
| Community Name | 4103 - Ottawa Centre |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 3 |
Building
| Appliances | Dishwasher, Washer |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Radiator |
| Size Exterior | 3706 Sqft |
| Size Interior | 3,706 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 109 Ft ,9 In |
| Size Frontage | 57 Ft ,11 In |
| Size Irregular | Bldg=57.95 X 109.75 Ft |
| Size Total Text | Bldg=57.95 X 109.75 Ft |
| Zoning Description | R4t[733] |
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