$699,999
Available - For Sale
Listing ID: X12483938
506 Vernon Avenue North , Overbrook - Castleheights and Area, K1K 1A6, Ottawa
| 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! |
| Price | $699,999 |
| Taxes: | $4992.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 506 Vernon Avenue North , 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 | 3 Pc Bath |
| 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Lower |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Lower |
| Washroom Type 7 | 3 | Main |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | Lower |
| Washroom Type 12 | 3 | Main |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 3 | Lower |
| Washroom Type 17 | 3 | Main |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 3 | Lower |
| Washroom Type 22 | 3 | Main |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 3 | Lower |
| Washroom Type 27 | 3 | Main |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 3 | Lower |
| Washroom Type 32 | 3 | Main |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 | |
| Washroom Type 36 | 3 | Lower |
| Washroom Type 37 | 3 | Main |
| Washroom Type 38 | 0 | |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Duplex |
| 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 |
| Sewers: | Sewer |
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At a Glance:
| Type: | Freehold - Duplex |
| 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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