506 VERNON AVENUE N, Ottawa, ON K1K1A6 – X12483938

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Katie VanNes

katie@mostreferred.expert +1(604) 855-8228

$ 699,999

Est. payment | -/mo

4 Beds

4 Baths

1,100 SqFt

Save Virtual Tour

$ 699,999

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

1,100 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $636

Subdivision 3503 - Castle Heights

MLS® Listing ID X12483938

Style Bungalow

Bedrooms 4

Source Ottawa Real Estate Board

Property 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:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Lower level 6.46 m X 3.96 m Recreational, Games room

Extra Room 2 Lower level 2.53 m X 1.48 m Bathroom

Extra Room 3 Lower level 1.56 m X 2.3 m Bathroom

Extra Room 4 Lower level Measurements not available Bathroom

Extra Room 5 Lower level 3.45 m X 3.94 m Bedroom

Extra Room 6 Lower level 2.56 m X 2.92 m Bedroom

Interior

Heating Forced air

Cooling Central air conditioning

Fireplaces Number 1

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Virtual Tour https://drive.google.com/file/d/13xgu-P6NSanWBCOJO5LMI5zqKjRPhttX/view?usp=sharing

Listed by EXP REALTY

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

506 VERNON AVENUE N Ottawa, ON K1K1A6