$699,999
Available - For Sale
Listing ID: X12483925
506 Vernon Avenue , Overbrook - Castleheights and Area, K1K 1A6, Ottawa
| 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! |
| Price | $699,999 |
| Taxes: | $4992.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 506 Vernon Avenue , Overbrook - Castleheights and Area, K1K 1A6, Ottawa |
| Acreage: | < .50 |
| Directions/Cross Streets: | From St. Laurent Blvd., between Montreal Road & Ogilvie Road, turn on to Cote Street, left on May St |
| Rooms: | 7 |
| Rooms +: | 9 |
| Bedrooms: | 2 |
| Bedrooms +: | 2 |
| Family Room: | F |
| Basement: | Finished, Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 16.83 | 14.33 | |
| Room 2 | Main | Dining Ro | 8.2 | 12.66 | |
| Room 3 | Main | Kitchen | 8.63 | 12.66 | |
| Room 4 | Main | Primary B | 12.53 | 12.66 | |
| Room 5 | Main | Bedroom | 8.27 | 12.92 | |
| Room 6 | Main | Bathroom | 8.3 | 5.31 | |
| Room 7 | Main | Office | 9.18 | 14.33 | |
| Room 8 | Lower | Bedroom | 11.32 | 12.92 | |
| Room 9 | Lower | Bedroom | 8.4 | 9.58 | |
| Room 10 | Lower | Kitchen | 11.74 | 12.4 | |
| Room 11 | Lower | Recreatio | 21.19 | 12.99 | |
| Room 12 | Lower | Bathroom | 8.3 | 4.85 | 3 Pc Bath |
| Room 13 | Lower | Bathroom | 5.12 | 7.54 | 3 Pc Bath |
| Room 14 | Lower | Bathroom | 3 Pc Bath |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Lower |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Main |
| Washroom Type 7 | 3 | Lower |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | Main |
| Washroom Type 12 | 3 | Lower |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 3 | Main |
| Washroom Type 17 | 3 | Lower |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 3 | Main |
| Washroom Type 22 | 3 | Lower |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 3 | Main |
| Washroom Type 27 | 3 | Lower |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 3 | Main |
| Washroom Type 32 | 3 | Lower |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 | |
| Washroom Type 36 | 3 | Main |
| Washroom Type 37 | 3 | Lower |
| Washroom Type 38 | 0 | |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | Detached |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1100-1500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Ottawa |
| Municipality: | Overbrook - Castleheights and Area |
| Neighbourhood: | 3503 - Castle Heights |
| Style: | Bungalow |
| Approximate Age: | 51-99 |
| Tax: | $4,992 |
| Beds: | 2+2 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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