475 MacLaren Street
Ottawa Centre, ON
- 4,670 sqft
- Investment
- 90 days on market
This majestic Victorian classic is beautifully situated upon a prime 58 ft lot at 475 MacLaren. One of the finest streets in downtown Ottawa 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 38 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 $72,000 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.
Listing Details
- Taxes (2025)
- $15,302
- Listed
- June 23, 2026
Price History
Listing history
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Property
- Lot Size
- 57.95 x 109.75 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Bank & Kent
- Zoning
- R4T[733]
- Parcel Number
- 041200063
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- 5 Fridges, stoves, and dishwashers, 2 clothes washers, 2 clothes dyers, 7 window mounted air conditioners
- Exclusions
- none
- Rental Items
- none
Community
Postal area K1R
- Population
- 20,343
- Private dwellings
- 12,836
- Median age
- 36
- Average household size
- 1.7
- Median household income
- $74,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Ottawa Centre · last 12 months
- Median sold price
- $445,000
- Homes sold
- 377
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 377 recorded sales of commercial properties in Ottawa Centre over the last 12 months.
Listed by
LPT REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,670 sq ft
- Price per sq ft
- $363.17
- Annual property tax
- $15,302
- Tax per sq ft
- $3.28
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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