Home with brick exterior material, street for 501 Mcleod St, Ottawa Ontario K1R 5P9
5 days on Market

501 Mcleod St, Ottawa, Ontario K1R 5P9

Detached
3
1
~1100-1500 sqft
$524,900
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$2,625Cashback
Detached
3
1
~1100-1500 sqft

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Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$413/sqft

Monthly cost

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CMA Subject Property

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+527

Properties sold*

$805K

Median sold price*

*Based on last 30 days

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!


Property Details

Style2-Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size1,980 SqFt(66 x 30)
Parking Spaces3
MLS ®NumberX12310461
Community NameCity of Ottawa
Data SourceTRREB
Listing byINNOVATION REALTY LTD.

Features

Heating: Forced Air
Basement: Exposed Rock, Unfinished

Bsmt Floor

Utility

9.73 x 5.31

Cold/Cant

2.54 x 2.12


Features

Lot size: 1,980 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 2

Total parking spaces 3


Property History

Jul 28, 2025
ListedActive
$524,900
5 days on market
history photo preview41
Listing by trreb®

Market Data - City of Ottawa

Geo Zone Map ThumbnailCity of Ottawa

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

30 days

Compared to

2024

31 days

2023

23 days

2022

22 days

New Listings

Past 30 days

929 listings

Compared to

2024

899 listings

2023

792 listings

2022

779 listings

Units sold

Past 30 days

456 units

Compared to

2024

527 units

2023

422 units

2022

349 units

Median Sold Price

Past 30 days

$820,000

Compared to

2024

$805,000

2023

$825,000

2022

$785,000


What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget