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:39198)
14 days
On Market
Single Family
Property Type
$4,992 / Year
Est. Taxes
House
Style
-
Garage
Finished, Full
Basement
Location & Areas
Commute
506 Vernon Avenue, Ottawa, K1K1A6
Home Details
Lot Depth:
-
Lot Width:
-
Style:
House
Exterior Construction:
Brick, Vinyl siding
Roof Material:
-
Patio/Deck:
-
Driveway:
-
Swimming Pool:
-
Schools nearby
Listing Brokerage
MLS® Listing
X12483925
Brokerage
EXP REALTY
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