506 Vernon Avenue Ottawa, Ontario K1K 1A6
$726,168
Welcome to 506 Vernon Avenue, a rare multi-unit opportunity in Ottawa's Castle Heights / Overbrook. This detached bungalow, built in 1960 on a 51 x 111.2 lot, combines versatility, strong rental income, and long-term investment potential. The property generates approximately $35,076 annually, offering an ideal scenario for investors or buyers looking to live in one unit while renting out the others. The main level features a bright two-bedroom unit with open living and dining space, a cozy fireplace, a full kitchen, and a three-piece bath. The finished lower level includes a one-bedroom unit plus two studio apartments, each with its own kitchen and bath, providing privacy and comfort for long-term tenants. Altogether, the property includes four kitchens, three bathrooms, and over 2,300 square feet of finished living space, allowing flexible living or income configurations. Additional highlights include five parking spaces, gas forced-air heating, central air conditioning, and included appliances: stove, refrigerator, microwave, dishwasher, washer, and dryer. The exterior features durable brick and vinyl siding, while R4UA zoning enhances multi-unit possibilities. Conveniently located just minutes from downtown Ottawa, this property is close to St. Laurent Shopping Centre, local cafes, schools, parks, and the Rideau River pathways. Transit options and Highway 417 provide easy city-wide access. With established rental income, multi-unit zoning, and a prime location, 506 Vernon Avenue is more than a homeits a smart investment. Don't miss this unique opportunity to live, earn, and grow your portfolio. Book your private showing today! (id:60083)
Property Details
| MLS® Number | X12425217 |
| Property Type | Single Family |
| Neigbourhood | Rideau-Rockcliffe |
| Community Name | 3503 - Castle Heights |
| Equipment Type | Water Heater |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 4 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s) |
| Appliances | Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 111 Ft ,2 In |
| Size Frontage | 51 Ft |
| Size Irregular | 51 X 111.2 Ft ; No |
| Size Total Text | 51 X 111.2 Ft ; No|under 1/2 Acre |
| Zoning Description | R4ua |
Rooms
| 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/28909976/506-vernon-avenue-ottawa-3503-castle-heights
Ali Abbas
Salesperson
www.aliabbas.ca/
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
(866) 530-7737
(647) 849-3180
www.exprealty.ca/
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September 25 2025 01:55:40
Ottawa Real Estate Board
Exp Realty