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

$699,999

506 VERNON AVENUE , Ottawa, Ontario K1K1A6

2+2 Beds 4 Baths

Remarks

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! (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
  • Ownership Type:
    Freehold
  • Parking Type:
    Detached garage , Garage
  • Property Type:
    Single 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:
    House
  • Construction Style - Attachment:
    Detached
  • 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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