395 MCLEOD STREET, Ottawa
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 net income of $40,072.05. Adding to its appeal is the property's R4UD - Residential Fourth Density, Subzone UD zoning, which permits a range of residential uses and is intended to accommodate low-rise, multi-unit housing. This designation provides additional long-term investment and redevelopment potential, subject to applicable zoning provisions and municipal approvals.Ideally situated in Centretown, the property offers exceptional walkability and convenient access to downtown Ottawa, Parliament Hill, major employment hubs and key transit routes. The vibrant Bank Street and Elgin Street corridors are nearby, offering an extensive selection of restaurants, shops, services and everyday amenities.The central location continues to support strong rental demand from professionals, government employees, students and other urban residents. With established rental income, R4UD zoning and a prime downtown location, 395 McLeod Street offers an attractive combination of current cash flow and future potential. (id:25961)
Schedule a Tour
Talk to a Home Lifestyle Matchmaker
Use our neighbourhood guide to score the perfect match between your lifestyle and home. When ready to buy, we will put you in touch with the listing agent who specializes in Ottawa.
Details
- Amenities Nearby: Public Transit
- Parking Spaces: 3
- Transaction: For sale
Building
- Appliances: Water Heater
- BasementType: N/A (Unfinished)
- Basement Development: Unfinished
- Bedrooms Main Level: 5
- Cooling: None
- Exterior Finish: Vinyl siding
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 4
- Heating: Radiant heat
- Heating Fuel: Natural gas
- Size Interior: 2000 - 2500 sqft
- Stories Total: 2
- Type: Fourplex
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Sewer: Sanitary sewer
- Size Depth: 99 ft
- Size Frontage: 35 ft
- Size Irregular: 35 x 99 FT
This property for sale is located at 395 MCLEOD STREET in Ottawa. It was last modified on October 2nd 2026. Let us connect you with the listing agent to schedule a viewing or to discover other Ottawa real estate for sale.
Listing provided by ROYAL LEPAGE TEAM REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Make an Offer
Request an In-house Showing
Mortgage Calculator
Land Transfer Calculator
Request More Information
Let us find a Property to Match your Lifestyle
Schedule an In-house Tour
Are you not already working with an agent? If you are not working with an agent, schedule a private viewing with the listing agent today.