473 Vernon Ave, Ottawa, Ontario

Multi-Family for Sale in Ottawa

473 Vernon Ave, Ottawa, ON

  • CA$829,000
  • 3+2 BEDS
  • 3 BATHS
  • 5,215.64 sq.ft. Land
  • CA$829,000

Multi-Family for Sale in Ottawa

473 Vernon Ave, Ottawa, ON

  • CA$829,000
  • 3+2 BEDS
  • 3 BATHS
  • 5,215.64 sq.ft. Land
  • CA$829,000

Key Facts

  • MLS® #: X13050852
  • Property ID: SIRC3287408
  • Property Type: Residential, Triplex
  • Lot Size¹: 5,215.64 sq.ft.
  • Bedrooms: 3+2
  • Bathrooms: 3
  • Parking Spaces: 6
  • Listed By:
  • SLEEPWELL REALTY GROUP LTD

Property Description

Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $47,568 annually with a net operating income of $31,582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare.

Listing Agents

SLEEPWELL REALTY GROUP LTD

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Location

473 Vernon Ave, Ottawa, Ontario, K1K 1A8 Canada

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