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. (id:28469)
Facts & features
Property
MLS® Number
X13416378
Property Type
Multi-family
Community Name
4103 - Ottawa Centre
Amenities Near By
Public Transit
Parking Space Total
3
Building
Bathroom Total
4
Bedrooms Above Ground
5
Bedrooms Total
5
Appliances
Water Heater
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
None
Exterior Finish
Vinyl Siding
Foundation Type
Stone
Heating Fuel
Natural Gas
Heating Type
Radiant Heat
Stories Total
2
Size Interior
2,000 - 2,500 Sqft
Type
Fourplex
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Land Amenities
Public Transit
Sewer
Sanitary Sewer
Size Irregular
35 X 99 Acre
Size Total Text
35 X 99 Acre
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.