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Updated Triplex with Detached Garage
For Sale
$1,099,000

491 Mcleod Street, ON

Ottawa Centre, ON

Property SizeContact for details
Days on Market39

Property Features for 491 Mcleod Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Standard status Active

Amenities

hardwood flooring
updated kitchens
updated bathrooms
fireplaces
coin-operated laundry
fully fenced backyard
composite front deck
Listing Agency: Engel & Volkers Ottawa · Engel & Völkers
Listed By: Kelly Tchorewski, Salesperson
Added: Jul 15 Changed: Aug 20 Last Checked: Aug 22 at 8:06AM
MLS# X13567264

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully leased triplex contains three residential units: two two-bedroom apartments and one one-bedroom-plus-den apartment. Hardwood flooring runs throughout, while the kitchens and bathrooms have been updated. Two apartments include fireplaces, with one gas-burning unit and one electric unit. The property also includes coin-operated laundry, two parking spaces, a detached garage, and a fenced backyard.

Major improvements include a 2017 roof, 2020 interlock driveway, 2021 gas boiler, 2022 composite front deck, 2026 front deck railings, and a freshly painted stucco exterior in 2026. The property is located near Bank Street shops, restaurants, cafés, transit, and downtown amenities.

Key Highlights

  • Three‑unit property with two 2‑bedroom apartments and one 1‑bedroom‑plus‑den apartment
  • Fully leased to professionals with a 5.42% cap rate
  • Detached garage, two parking spaces, and a fully fenced backyard

Property Analytics

Current Use

Triplexes

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Market

Vacancy Rate% for Multifamily in the U.S.

7.1% 2022
8.3% 2023
9.3% 2024
9.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully leased three-unit property with parking, fenced yard, laundry, and updated kitchens and bathrooms.
Where is this triplex located?
The property is located at 491 Mcleod Street ON.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom apartments and one 1‑bedroom‑plus‑den apartment; Fully leased to professionals with a 5.42% cap rate; Detached garage, two parking spaces, and a fully fenced backyard
More about this property
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