506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
506 VERNON AVENUE N , Ottawa, Ontario K1K1A6
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For Sale

$699,999

506 VERNON AVENUE N , Ottawa, Ontario K1K1A6

2+2 Beds 4 Baths

Remarks

Rare Income-Producing Duplex with 4 Units. Prime Overbrook Investment! Welcome to 506 Vernon Avenue in Ottawa's desirable Overbrook/Castle Heights community, where opportunity meets versatility. This property is a legal duplex with two additional non-conforming studio units, giving you a total of four rental units generating $63,264 annually. The upper unit offers two bedrooms, a bright living and dining area, a 3-piece bath, and a cozy fireplace, while the lower level features a spacious one-bedroom suite. Two long-term studio tenants provide reliable passive income. With a finished basement, over 2,300 sq. ft. of living space, and a lot measuring 51' 111.2' (5,866 sq. ft.), there's room to grow and potential to further optimize. Additional highlights include a brick and vinyl exterior, parking for 5 vehicles, and inclusions such as a stove, fridge, dishwasher, microwave, washer, and dryer. Set in a mature neighbourhood with schools, parks, and shopping nearby, this property also offers easy access to Highway 417, OC Transpo, St. Laurent Shopping Centre, and downtown Ottawa. With R4UA zoning, the property not only delivers current cash flow but also holds exciting future development potential. Investor, this is a rare chance to secure a centrally located, income-producing property in one of Ottawa's most accessible inner-city neighbourhoods. Don't miss out, request the rent roll, expenses, and tenant profiles now! (id:7526)

Property Summary

  • Neighbourhood: 3503 - Castle Heights
  • Lot Frontage: 51.0 Feet
  • Lot Depth: 111.2 Feet
  • Lot Size: 51 x 111.2 FT ; No
  • No. of Parking Spaces: 5
  • Bedrooms: 2+2
  • Bathrooms (Total): 4
  • Zoning: R4UA

Property Features:

  • Equipment Type:
    Water Heater
  • Parking Type:
    Detached garage , Garage
  • Property Type:
    Multi-family
  • Rental Equipment Type:
    Water Heater
  • Sewer:
    Sanitary sewer

Building Features:

  • Amenities:
    []
  • Appliances:
    Dishwasher , Dryer , Microwave , Stove , Washer , Refrigerator
  • Architectural Style:
    Bungalow
  • Basement Development:
    Finished
  • Basement Type:
    Full
  • Building Type:
    Duplex
  • Cooling Type:
    Central air conditioning
  • Exterior Finish:
    Brick , Vinyl siding
  • Foundation Type:
    Block
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Forced air

Rooms

  • Recreation Room:
    Level: Lower Level 6.46 m x 3.96 m
  • Bathroom:
    Level: Lower Level 2.53 m x 1.48 m
  • Bathroom:
    Level: Lower Level 1.56 m x 2.30 m
  • Bathroom:
    Level: Lower Level Measurements not available
  • Bedroom:
    Level: Lower Level 3.45 m x 3.94 m
  • Bedroom:
    Level: Lower Level 2.56 m x 2.92 m
  • Kitchen:
    Level: Lower Level 3.58 m x 3.78 m
  • Living:
    Level: Main 5.13 m x 4.37 m
  • Dining:
    Level: Main 2.50 m x 3.86 m
  • Kitchen:
    Level: Main 2.63 m x 3.86 m
  • Master Bedroom:
    Level: Main 3.82 m x 3.86 m
  • Bedroom:
    Level: Main 2.52 m x 3.94 m
  • Bathroom:
    Level: Main 2.53 m x 1.62 m
  • Office:
    Level: Main 2.80 m x 4.37 m

Listing courtesy of: 

EXP REALTY

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