Mirna Botros
613-600-2626473 Vernon Avenue - $829,000
473 Vernon Avenue - $829,000
473 Vernon Avenue
$829,000
3503 - Castle Heights
Ottawa, OntarioK1K1A8
5 beds
3 baths
6 parking
MLS#: X13050852Listed: about 5 hours agoUpdated:about 4 hours ago
Description
Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $47,568 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare. (id:58075)Details
Details for 473 Vernon Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Triplex
- Storeys
- 1
- Neighborhood
- 3503 - Castle Heights
- Land Size
- 84.9 x 61.4 FT
- Year Built
- -
- Annual Property Taxes
- $6,341
- Parking Type
- No Garage, Tandem
Inside
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Rooms
- -
- Bedrooms
- 5
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Finished, Apartment in basement, N/A, N/A
Building
- Architecture Style
- Raised bungalow
- Direction
- Cross Streets: Vernon & Cote. ** Directions: From St Laurent Blvd, West on Cote St, Left on Vernon Ave.
- Type of Dwelling
- triplex
- Roof
- -
- Exterior
- Brick
- Foundation
- Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 84.9 x 61.4 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- No Garage, Tandem
- Total Parking
- 6
Utilities
- Cooling
- None
- Heating
- Radiant heat, Not known, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Carpet Free
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 473 Vernon Avenue, Ottawa, OntarioMap
Mirna Botros RealtorCopyright 2026