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#: X12483938Listed: 22 days agoUpdated:7 days ago
Description
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:58075)Details
Details for 506 Vernon Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Duplex
- 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
- duplex
- 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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