For Sale Single Family

492 Vernon Avenue

$699,900 Est. $3,099/mo ↓

Ottawa, Ontario K1K 1A6

5 Bedrooms
1 Bathrooms
1,100 - 1,500 sqft Interior
4 Parking spaces
39.5 X 105.2 Ft Lot size
9 days ago Listed
Virtual tour Bungalow None Other

About this home

Investor Alert! Welcome to 492 Vernon Avenue on a quiet residential street within walking distance to St. Laurent recreational complex. An exceptional opportunity for investors, developers, or buyers looking to unlock incredible future potential. This estate sale offers a rare chance to acquire a single-family home situated on a generous lot with the opportunity to renovate the existing layout into two one-bedroom basement apartments, creating a triplex opportunity (buyer to verify all zoning, permits, and municipal approvals). The upper level has 3 bedrooms and the lower level has 2 one-bedroom apartments ready to renovate with the existing layout. Can also be converted to a family home. Zoning is R3A, R4B, however buyer to verify all zoning, permits, and municipal approvals. Whether you're looking to expand your investment portfolio, generate rental income, or maximize the property's potential, this is an opportunity you won't want to miss. Ideally located just minutes from downtown Ottawa and close to schools, parks, public transit, shopping, restaurants, hospital and all essential amenities. Property is being sold AS-IS where-is, with no representations or warranties by the Estate. (id:28469)

Facts & features

Property

MLS® Number
X13594778
Property Type
Single Family
Community Name
3503 - Castle Heights
Ownership
Freehold
Parking Space Total
4

Building

Bathroom Total
1
Bedrooms Above Ground
3
Bedrooms Below Ground
2
Bedrooms Total
5
Architectural Style
Bungalow
Basement Development
Unfinished
Basement Type
Full, N/a (unfinished)
Construction Style Attachment
Detached
Cooling Type
None
Exterior Finish
Brick, Stone
Foundation Type
Block
Heating Fuel
Natural Gas
Heating Type
Other
Stories Total
1
Size Interior
1,100 - 1,500 Sqft
Type
House
Utility Water
Municipal Water

Parking

Carport
No Garage

Land

Acreage
No
Sewer
Sanitary Sewer
Size Depth
105 Ft ,2 In
Size Frontage
39 Ft ,6 In
Size Irregular
39.5 X 105.2 Ft
Size Total Text
39.5 X 105.2 Ft

The Castle Heights market

14 Active listings
$724,900 Median asking price
3% below median This home
37 days Avg. time on market
Browse all Castle Heights listings →

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$3,099/mo
Ontario land transfer tax
$10,473 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

Location

492 Vernon Avenue, Ottawa, Ontario K1K 1A6  ·  Get directions

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