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:4069)
Address
506 VERNON AVENUE
List Price
$699,999
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
4
Bathrooms
4
Floor Area
1100 - 1500 Sq. Ft.
Lot Size
51 x 111.2 FT ; No Sq. Ft.
MLS® Number
X12483925
Listing Brokerage
EXP REALTY
Basement Area
Full (Finished)
Postal Code
K1K1A6
Zoning
R4UA
Amenities
Fireplace(s)
