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$699,999
Available - For Sale
Listing ID: X12483925
Welcome to 506 Vernon Avenue, a rare multi-unit opportunity in Ottawa's Castle Heights / Overbrook. This detached bungalow, built in 1960 on a 51 x 111.2 lot, combines versatility, strong rental income, and long-term investment potential. The property generates approximately $63,264 annually, offering an ideal scenario for investors. The main level features a bright two-bedroom unit with open living and dining space, a cozy fireplace, a full kitchen, and a three-piece bath. The finished lower level includes a one-bedroom unit plus two studio apartments, each with its own kitchen and bath, providing privacy and comfort for long-term tenants. Altogether, the property includes four kitchens, four bathrooms, and over 2,300 square feet of finished living space, allowing flexible living or income configurations. Additional highlights include five parking spaces, gas forced-air heating, central air conditioning, and included appliances: stove, refrigerator, microwave, dishwasher, washer, and dryer. The exterior features durable brick and vinyl siding, while R4UA zoning enhances multi-unit possibilities. Conveniently located just minutes from downtown Ottawa, this property is close to St. Laurent Shopping Centre, local cafes, schools, parks, and the Rideau River pathways. Transit options and Highway 417 provide easy city-wide access. With established rental income, multi-unit zoning, and a prime location, 506 Vernon Avenue is more than a home; it's a smart investment. Don't miss this unique opportunity to live, earn, and grow your portfolio. Book your private showing today!
Price $699,999
Taxes: $4,992
Assessment Year: 2025
Occupancy by: Tenant
Address: 506 Vernon Aven , Overbrook - Castleheights and Area, K1K 1A6, Ottawa
Acreage: < .50
Directions/Cross Streets: From St. Laurent Blvd., between Montreal Road & Ogilvie Road, turn on to Cote Street, left on May St
Rooms: 7
Rooms +: 9
Bedrooms: 2
Bedrooms +: 2
Washrooms: 4
Family Room: F
Basement: Finished
Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 16.83 14.33
Room 2: Main Dining Ro 8.20 12.66
Room 3: Main Kitchen 8.63 12.66
Room 4: Main Primary B 12.53 12.66
Room 5: Main Bedroom 8.27 12.92
Room 6: Main Bathroom 8.30 5.31
Room 7: Main Office 9.18 14.33
Room 8: Lower Bedroom 11.32 12.92
Room 9: Lower Bedroom 8.40 9.58
Room 10: Lower Kitchen 11.74 12.40
Room 11: Lower Recreatio 21.19 12.99
Room 12: Lower Bathroom 8.30 4.85 3 Pc Bath
Room 13: Lower Bathroom 5.12 7.54 3 Pc Bath
Room 14: Lower Bathroom 0 0 3 Pc Bath
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Main
Washroom 7:  3 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Detached
Style: Bungalow
Exterior: Brick
Vinyl Siding
Garage Type: Detached
Drive Parking Spaces: 4
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1100-1500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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EXP REALTY

506 Vernon Aven , Overbrook - Castleheights and Area, K1K 1A6, Ottawa


 
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At a Glance:
Type: Freehold - Detached
Area: Ottawa
Municipality: Overbrook - Castleheights and Area
Neighbourhood: 3503 - Castle Heights
Style: Bungalow
Lot Size: x 111.20(Feet)
Approximate Age: 51-99
Tax: $4,992
Maintenance Fee: $0
Beds: 2+2
Baths: 4
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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