491 Mcleod Street, Ottawa Centre, ON K1R 5P7
4103 - Ottawa Centre, Ottawa Centre · Near Lyon · View map
About this home
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.
The home
- Type
- Triplex
- Style
- 3-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 5
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 15
- Basement
- Full, Unfinished
- Lot size
- 33 x 99 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stucco (Plaster), Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Water
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Private Double
Taxes & other
- Property taxes
- $8,570/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Lyon
- Neighbourhood
- 4103 - Ottawa Centre
More
- Price per sq ft
- ~$400 (at 2,750 sq ft)
- MLS® number
- X13567264
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The home and its surroundings
- Separate Hydro Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
491 Mcleod Street, Ottawa Centre, ON K1R 5P7
4103 - Ottawa Centre, Ottawa Centre · Near Lyon
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Listing history for 491 Mcleod Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 491 Mcleod Street
Answers come straight from this home’s MLS® listing.
How much is 491 Mcleod Street listed for, and what would it cost each month?
491 Mcleod Street is listed for $1,099,000. With 20% down ($219,800), the mortgage payment would be roughly $4,433 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,147 a month, all in. That figure is an illustration, not a quote.
Is 491 Mcleod Street freehold or a condo, and is there a monthly fee?
491 Mcleod Street is a triplex in 4103 - Ottawa Centre, Ottawa Centre. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 491 Mcleod Street have?
491 Mcleod Street has 5 bedrooms and 3 bathrooms. The listing gives the style as 3-storey.
Does 491 Mcleod Street have a garage and parking?
Yes. The listing shows the garage as detached. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 491 Mcleod Street have a finished basement?
The listing describes the basement as full, unfinished.
What style of home is 491 Mcleod Street?
491 Mcleod Street is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 491 Mcleod Street, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 33 x 99 ft.
How is 491 Mcleod Street heated and cooled?
Heating is water (gas). The listing does not show air conditioning.
What are the property taxes for 491 Mcleod Street?
Property taxes are $8,570 a year (2025), or about $714 a month.
Where is 491 Mcleod Street?
491 Mcleod Street is in the 4103 - Ottawa Centre community of Ottawa Centre. The nearest main intersection is Lyon. The postal code is K1R 5P7.
Is 491 Mcleod Street still for sale?
Yes. It is an active listing (MLS® X13567264). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 491 Mcleod Street asking?
Similar properties for sale nearby right now include 438 Lewis Street at $1,150,000 (5 bed), 331 Flora Street at $1,225,000 (5 bed) and 451 & 453 - 453 Catherine Street N at $1,099,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 491 Mcleod Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 491 Mcleod Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4103 - Ottawa Centre, picked by style, size and price.
Multiplex$1,150,000438 Lewis Street, Ottawa Centre5 bed · 5 bath · 4103 - Ottawa CentreCourtesy of: SUTTON GROUP - OTTAWA REALTYView home →
Triplex$1,225,000331 Flora Street, Ottawa Centre5 bed · 3 bath · 4103 - Ottawa CentreCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Triplex$1,099,000451 & 453 - 453 Catherine Street N, Ottawa Centre6 bed · 3 bath · 4103 - Ottawa CentreCourtesy of: EXP REALTYView home →Courtesy of: ENGEL & VOLKERS OTTAWA
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.