| 613.829.1000
| 613.829.1000
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:37351)
| MLS® Number | X12483938 |
| Property Type | Multi-family |
| Community Name | 3503 - Castle Heights |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 5 |
| RentalEquipmentType | Water Heater |
| BathroomTotal | 4 |
| BedroomsAboveGround | 2 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 4 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s) |
| Appliances | Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Vinyl Siding |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1,100 - 1,500 Ft2 |
| Type | Duplex |
| UtilityWater | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 111 Ft ,2 In |
| SizeFrontage | 51 Ft |
| SizeIrregular | 51 X 111.2 Ft ; No |
| SizeTotalText | 51 X 111.2 Ft ; No|under 1/2 Acre |
| ZoningDescription | R4ua |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Recreational, Games Room | 6.46 m | 3.96 m | 6.46 m x 3.96 m |
| Lower Level | Bathroom | 2.53 m | 1.48 m | 2.53 m x 1.48 m |
| Lower Level | Bathroom | 1.56 m | 2.3 m | 1.56 m x 2.3 m |
| Lower Level | Bathroom | Measurements not available | ||
| Lower Level | Bedroom | 3.45 m | 3.94 m | 3.45 m x 3.94 m |
| Lower Level | Bedroom | 2.56 m | 2.92 m | 2.56 m x 2.92 m |
| Lower Level | Kitchen | 3.58 m | 3.78 m | 3.58 m x 3.78 m |
| Main Level | Living Room | 5.13 m | 4.37 m | 5.13 m x 4.37 m |
| Main Level | Dining Room | 2.5 m | 3.86 m | 2.5 m x 3.86 m |
| Main Level | Kitchen | 2.63 m | 3.86 m | 2.63 m x 3.86 m |
| Main Level | Primary Bedroom | 3.82 m | 3.86 m | 3.82 m x 3.86 m |
| Main Level | Bedroom | 2.52 m | 3.94 m | 2.52 m x 3.94 m |
| Main Level | Bathroom | 2.53 m | 1.62 m | 2.53 m x 1.62 m |
| Main Level | Office | 2.8 m | 4.37 m | 2.8 m x 4.37 m |
https://www.realtor.ca/real-estate/29035894/506-vernon-avenue-n-ottawa-3503-castle-heights
Contact us for more information
Ali Abbas
Salesperson
(866) 530-7737
(647) 849-3180
www.exprealty.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Phone Number
(613) 829-1000
Email Address
info@grapevine.ca
Mailing Address
48 Cinnabar Way
Stittsville ON K2S1Y6
