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

 

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$829,000
Available - For Sale
Listing ID: X13050852
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.
Price $829,000
Taxes: $6,341
Assessment Year: 2025
Occupancy by: Tenant
Address: 473 Vernon Avenue , Overbrook - Castleheights and Area, K1K 1A8, Ottawa
Directions/Cross Streets: Vernon & Cote
Rooms: 7
Rooms +: 6
Bedrooms: 3
Bedrooms +: 2
Washrooms: 3
Family Room: F
Basement: Apartment
Finished
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Lower
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Property Type: Triplex
Style: Bungalow-Raised
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 6
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Park #3
Parking Type: Tandem
Pool: None
Other Structures: Shed
Approximatly Square Footage: 700-1100
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: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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SLEEPWELL REALTY GROUP LTD

473 Vernon Avenue , Overbrook - Castleheights and Area, K1K 1A8, Ottawa

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

 
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At a Glance:
Type: Freehold - Triplex
Area: Ottawa
Municipality: Overbrook - Castleheights and Area
Neighbourhood: 3503 - Castle Heights
Style: Bungalow-Raised
Lot Size: x 61.44(Feet)
Approximate Age:
Tax: $6,341
Maintenance Fee: $0
Beds: 3+2
Baths: 3
Garage: 0
Fireplace: N
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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