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$ 524,900
Est. payment /mo
New
501 Mcleod ST Ottawa Centre, ON K1R 5P9
3 Beds
1 Bath
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 4103 - Ottawa Centre
MLS Listing ID X12310461
Style 2-Storey
Bedrooms 3
Annual Tax Amount $4,446
Tax Year 2025
Property Sub-Type Detached
Property Description
Calling all contractors, renovators and investors! This Centretown classic offers endless potential in an unbeatable location. With over 1,400 sq. ft. above grade plus an additional 700+ sq. ft. in the basement (per MPAC), this property is a rare opportunity to create your dream home or a profitable investment in the heart of Ottawa. The welcoming covered front porch leads to a spacious main level featuring hardwood floors, large living & dining areas, space for a full kitchen, and dual staircases connecting to the upper level where you'll find three generously sized bedrooms & a full bathroom. Off the kitchen is an additional sealed entrance/exit that could be reopened for multi-unit development and enable alternate access to the backyard for BBQs & outdoor living. Owned by the same family for more than 75 years, this home is filled with history and character, including original baseboards, trim and decorative mouldings that speak to its timeless charm. Perfectly situated on a quiet, tree-lined street, and merely steps away from local shops, restaurants, grocery stores, schools, parks and transit, this home boasts a Walk Score of 97 and offers easy access to Bronson Avenue, the Queensway, and downtown. McNabb Park-Arena-Recreation Centre is just a 6-minute walk, and Parliament Hill is only a 10-minute bike ride. This property offers the perfect blend of convenience & privacy found in urban living. Being sold "as-is", "where-is" by POA. Windows & siding (2003), roof shingles (2019) and an oil furnace (approx. 2019). Natural gas serves the street, making potential conversion a breeze! With R4UD zoning under the current bylaw (and N4B under the draft bylaw), and no heritage designation, the possibilities are endless: restore its original charm, reconfigure the layout or redevelop as a duplex or multi-unit property for rental income or multi-generational living. Don't miss this exceptional opportunity to invest in one of Ottawa's most desirable downtown neighbourhoods!
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Rooms
Family Room Yes
Basement Exposed Rock, Unfinished
Kitchen 1
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Oil
Exterior
Exterior Feature Porch
Parking Features Lane, Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.0
Lot Depth 66.0
Total Parking Spaces 3
Building
Unit Features Park,Public Transit,Rec./Commun.Centre
Foundation Stone
Listed by INNOVATION REALTY LTD.