506 Vernon AVE N new Save Request In-Person Tour Request Virtual Tour
Overbrook - Castleheights And Area,ON K1K 1A6
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 3503 - Castle Heights
MLS Listing ID X12425221
Style Bungalow
Bedrooms 4
Annual Tax Amount $4,992
Tax Year 2025
Property Sub-Type Duplex
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 $35,076 annually. A rare chance to live comfortably while your investment pays off. 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. Whether you're an owner-occupant or 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! Contact us today to book your private showing and request the rent roll, expenses, and tenant profiles.
Location
Province ON
County Ottawa
Community 3503 - Castle Heights
Area Ottawa
Zoning R4UA
Rooms
Basement Finished,Full
Kitchen 4
Interior
Interior Features Primary Bedroom - Main Floor
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Living Room
Inclusions Stove, Microwave, Dryer, Washer, Refrigerator, Dishwasher
Exterior
Parking Features Detached
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 5
Building
Building Age 51-99
Foundation Block
Others
ParcelsYN No
Virtual Tour https://my.matterport.com/show/?m=FQTqodweXG5&mls=1