506 Vernon Ave N, Ottawa, Ontario

Multi-Family for Sale in Ottawa

506 Vernon Ave N, Ottawa, ON

  • CA$699,999
  • 2+2 BEDS
  • 4 BATHS
  • 5,671.20 sq.ft. Land

Multi-Family for Sale in Ottawa

506 Vernon Ave N, Ottawa, ON

  • CA$699,999
  • 2+2 BEDS
  • 4 BATHS
  • 5,671.20 sq.ft. Land

Key Facts

  • MLS® #: X12483938
  • Property ID: SIRC2918631
  • Property Type: Residential, Duplex
  • Lot Size: 5,671.20 sq.ft.
  • Year Built: 51
  • Bedrooms: 2+2
  • Bathrooms: 4
  • Additional Rooms: Den
  • Parking Spaces: 5
  • Listed By:
  • EXP REALTY

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!

Downloads & Media

Rooms

  • TypeLevelDimensionsFlooring
  • Living roomMain14' 4" x 16' 9.9"Other
  • Dining roomMain12' 7.9" x 8' 2.4"Other
  • KitchenMain12' 7.9" x 8' 7.5"Other
  • OtherMain12' 7.9" x 12' 6.3"Other
  • BedroomMain12' 11.1" x 8' 3.2"Other
  • BathroomMain5' 3.7" x 8' 3.6"Other
  • Home officeMain14' 4" x 9' 2.2"Other
  • BedroomLower12' 11.1" x 11' 3.8"Other
  • BedroomLower9' 6.9" x 8' 4.7"Other
  • KitchenLower12' 4.8" x 11' 8.9"Other
  • Recreation RoomLower12' 11.9" x 21' 2.3"Other
  • BathroomLower4' 10.2" x 8' 3.6"Other
  • BathroomLower7' 6.5" x 5' 1.4"Other
  • BathroomLower0' x 0'Other

Listing Agents

EXP REALTY

Request More Information

*Showing requires confirmation from agent.

Request More Information

*Showing requires confirmation from agent.

Location

506 Vernon Ave N, Ottawa, Ontario, K1K 1A6 Canada

Around this property

Information about the area within a 5-minute walk of this property.

Request Neighbourhood Information

Learn more about the neighbourhood and amenities around this home

Request Now

Payment Calculator

mo.* estimated monthly payment based on:
  • $
  • %$
  • %
  • Principal and Interest 0
  • Property Taxes 0
  • Strata / Condo Fees 0
* This payment calculator’s purpose is to provide a rough estimate for planning and educational purposes only. It should not be used as your sole source of information for financial planning purposes. This tool does not offer a loan nor does it solicit your information, it is also not financial or legal advice. Please contact a qualified professional for your financial advice. No responsibility or liability whatsoever can be accepted by Sotheby’s International Realty Canada or Sotheby’s International Realty Affiliates for any loss or damage resultant from any use of, reliance on or reference to the contents of this payment calculator.

Similar PropertiesSee All Similar Properties

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.
Home/Ontario/Ottawa/MLS® X12483938