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Investment signal

$1,049,000

489 MACLAREN STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Legal Licensed Rooming House | Prime Central Ottawa Location. An excellent investment opportunity in the heart of Ottawa! This legally licensed rooming house features 12 rental rooms situated on a spacious lot with approximately 6-7 parking spaces, a rare find in this central location. Nestled in Ottawa Centre, this property is within walking distance to the vibrant downtown core, Elgin Street, and Somerset Village, offering easy access to top-tier restaurants, shops, entertainment, and public transit. Whether you're an investor seeking reliable rental income or looking to expand your real estate portfolio, this centrally located, fully licensed property delivers both convenience and potential. (id:65958)

Subtype: Single Family
Structure: Other
Community: 4103 - Ottawa Centre
Lot dimensions: 41.5 x 110 FT
Bedrooms: 14 above grade
Parking: 8 total
Stories: 3
On market: Jan 7, 2026
Status changed: Apr 24, 2026
Annual tax: $11,196
Photos: 2
MLS#: X12673820
Area: OTTAWA

Features and systems

Parking

No Garage

Exterior

WoodBrick

Foundation

Stone

Negative cash flow ~$1,137/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.50%

Cap rate

3.56%

GRM

16.7

Break-even rent

$6,446

Financing

Down payment$209,800

Loan amount$839,200

Mortgage$4,252/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$481

Insurance$80

Maintenance$874

CapEx reserve$437

Vacancy loss$263

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,252/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.