Mirna Botros
613-600-2626506 Vernon Avenue - $699,999
506 Vernon Avenue - $699,999
506 Vernon Avenue
$699,999
3503 - Castle Heights
Ottawa, OntarioK1K1A6
4 beds
4 baths
5 parking
MLS#: X12483925Listed: 22 days agoUpdated:7 days ago
Description
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:58075)Details
Details for 506 Vernon Avenue, Ottawa, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 1
- Neighborhood
- 3503 - Castle Heights
- Land Size
- 51 x 111.2 FT ; No
- Year Built
- -
- Annual Property Taxes
- $4,992
- Parking Type
- Detached Garage, Garage
Inside
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
- Rooms
- 14
- Bedrooms
- 4
- Bathrooms
- 4
- Fireplace
- -
- Fireplace Total
- 1
- Basement
- Finished, Full
Building
- Architecture Style
- Bungalow
- Direction
- From St. Laurent Blvd., between Montreal Road & Ogilvie Road, turn on to Cote Street, left on May Street then Right on to Vernon Avenue
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Brick, Vinyl siding
- Foundation
- Block
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 51 x 111.2 FT ; No
- Zoning
- -
- Zoning Description
- R4UA
Parking
- Features
- Detached Garage, Garage
- Total Parking
- 5
Utilities
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 506 Vernon Avenue, Ottawa, OntarioMap
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