501 Mcleod Street

If you’re on the lookout for a fantastic opportunity in the heart of Ottawa, then this house for sale in Ottawa is definitely worth your attention! Located at 501 Mcleod Street, Ottawa, this detached two-storey classic is just bursting with potential, making it an ideal choice for contractors, renovators, and savvy investors alike. With over 1,400 square feet of living space above grade and an additional 700+ square feet in the unfinished basement, this property offers a rare chance to create your dream home or a lucrative investment.

As you approach the house for sale in Ottawa, you’ll be greeted by a welcoming covered front porch, perfect for enjoying a morning coffee or an evening chat with neighbours. Step inside, and you’ll find a spacious main level featuring hardwood floors that add a touch of warmth and character. The large living and dining areas provide ample space for family gatherings or entertaining friends, while the main kitchen is ready for your personal touch. The layout includes dual staircases leading to the upper level, where you’ll discover three generously sized bedrooms and a full bathroom. This house for sale in Ottawa truly has the space you need for comfortable living.

One of the unique features of this property is the additional sealed entrance/exit off the kitchen. This could easily be reopened to facilitate multi-unit development, providing alternative access to the backyard for those summer BBQs and outdoor living. The house has been lovingly maintained by the same family for over 75 years, which means it’s filled with history and character. You’ll appreciate the original baseboards, trim, and decorative mouldings that add to its timeless charm.

Situated on a quiet, tree-lined street, 501 Mcleod Street, Ottawa, boasts an unbeatable location. You’re just steps away from local shops, restaurants, grocery stores, schools, parks, and transit options, making it incredibly convenient for daily life. With a Walk Score of 97, this area is perfect for those who enjoy urban living without sacrificing accessibility. McNabb Park-Arena-Recreation Centre is only a six-minute walk away, and if you fancy a bike ride, Parliament Hill is just a ten-minute jaunt. This house for sale in Ottawa perfectly blends convenience with the peace and privacy of suburban living.

The property is being sold "as-is, where-is" by the Power of Attorney, and it’s worth noting that some updates have already been made. The windows and siding were replaced in 2003, the roof shingles were updated in 2019, and the oil furnace was installed around the same time. Natural gas is available on the street, making conversion to a more modern heating system a breeze.

With R4UD zoning under the current bylaw (and N4B under the draft bylaw), the possibilities for this house for sale in Ottawa are virtually limitless. You could restore its original charm, reconfigure the layout, or even redevelop it as a duplex or multi-unit property for rental income or multi-generational living. The absence of a heritage designation means you have the freedom to explore various options without the constraints that often come with older properties.

This is an exceptional opportunity to invest in one of Ottawa's most desirable downtown neighbourhoods. Whether you’re looking to create a stunning family home or a profitable rental, this house for sale in Ottawa at 501 Mcleod Street, Ottawa, is a must-see. Don’t let this chance slip through your fingers—come and explore the endless potential that awaits!

Ottawa Centre, designated as postal code 4103, is a vibrant and diverse area nestled in the heart of Canada’s capital city, Ottawa. This community boasts a rich tapestry of cultural and historical landmarks, making it an ideal locale for those seeking a dynamic urban lifestyle. Residents can enjoy easy access to an array of amenities, including trendy cafes, eclectic shops, and lush parks, all within walking distance. The neighbourhood is well-served by public transport, providing convenient connections to the rest of the city. With its blend of historic architecture and modern developments, Ottawa Centre offers a unique living experience, where the pulse of city life meets the charm of a close-knit environment.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, catering to families with children of all ages. Within a short distance of just 0.5 km, you will find Cambridge Street Community Public School and Glashan Public School, both offering elementary education, with Glashan serving grades 7 to 8. For secondary education, Glebe Collegiate Institute, located 0.9 km away, boasts a commendable school rating of 7.7. Additionally, Elgin Street Public School and Hopewell Avenue Public School, both within 1 km and 2.1 km respectively, provide French language instruction and are highly rated, with Hopewell achieving a remarkable score of 9. For those seeking a Catholic education, St. Anthony School is conveniently located 0.8 km away, offering a solid rating of 7.5, while Immaculata High School, 1.5 km from the property, serves grades 7 to 12 with a rating of 5.8. This diverse array of nearby schools ensures that families have access to quality education options, making this property an attractive choice for potential buyers.