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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$726,168
Available - For Sale
Listing ID: X12425221
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, request the rent roll, expenses, and tenant profiles now!
Price $726,168
Taxes: $4,992
Assessment Year: 2025
Occupancy by: Owner+T
Address: 506 Vernon Aven North , Overbrook - Castleheights and Area, K1K 1A6, Ottawa
Acreage: < .50
Directions/Cross Streets: From St. Laurent Blvd., between Montreal Road & Ogilvie Road, turn on to Cote Street, left on May St
Rooms: 7
Rooms +: 9
Bedrooms: 2
Bedrooms +: 2
Washrooms: 4
Family Room: F
Basement: Finished
Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 16.83 14.33
Room 2: Main Dining Ro 8.20 12.66
Room 3: Main Kitchen 8.63 12.66
Room 4: Main Primary B 12.53 12.66
Room 5: Main Bedroom 8.27 12.92
Room 6: Main Bathroom 8.30 5.31 3 Pc Bath
Room 7: Main Office 9.18 14.33
Room 8: Lower Bedroom 11.32 12.92
Room 9: Lower Bedroom 8.40 9.58
Room 10: Lower Kitchen 11.74 12.40
Room 11: Lower Recreatio 21.19 12.99
Room 12: Lower Bathroom 8.30 4.85 3 Pc Bath
Room 13: Lower Bathroom 5.12 7.54 3 Pc Bath
Room 14: Lower Bathroom 0 0
No. of Pieces Level
Washroom 1 3 Lower
Washroom 2 3 Main
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 3 Lower
Washroom 7 3 Main
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 3 Lower
Washroom 12 3 Main
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 3 Lower
Washroom 17 3 Main
Washroom 18 0
Washroom 19 0
Washroom 20 0
Property Type: Duplex
Style: Bungalow
Exterior: Brick
Vinyl Siding
Garage Type: Detached
Drive Parking Spaces: 4
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1100-1500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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EXP REALTY

506 Vernon Aven North , Overbrook - Castleheights and Area, K1K 1A6, Ottawa

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Ottawa
Municipality: Overbrook - Castleheights and Area
Neighbourhood: 3503 - Castle Heights
Style: Bungalow
Lot Size: x 111.20(Feet)
Approximate Age: 51-99
Tax: $4,992
Maintenance Fee: $0
Beds: 2+2
Baths: 4
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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