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$699,900

Active
492 Vernon Avenue, Ottawa, ON· Castle Heights
3+2
Bedrooms
1
Bathrooms
1100-1500
Sq Ft
$467–$636
Per Sq Ft
4
Carport Parking

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About this Property

Investor Alert! Welcome to 492 Vernon Avenue on a quiet residential street within walking distance to St. Laurent recreational complex. An exceptional opportunity for investors, developers, or buyers looking to unlock incredible future potential. This estate sale offers a rare chance to acquire a single-family home situated on a generous lot with the opportunity to renovate the existing layout into two one-bedroom basement apartments, creating a triplex opportunity (buyer to verify all zoning, permits, and municipal approvals). The upper level has 3 bedrooms and the lower level has 2 one-bedroom apartments ready to renovate with the existing layout. Can also be converted to a family home. Zoning is R3A, R4B, however buyer to verify all zoning, permits, and municipal approvals. Whether you're looking to expand your investment portfolio, generate rental income, or maximize the property's potential, this is an opportunity you won't want to miss. Ideally located just minutes from downtown Ottawa and close to schools, parks, public transit, shopping, restaurants, hospital and all essential amenities. Property is being sold AS-IS where-is, with no representations or warranties by the Estate.

Listed by RE/MAX HALLMARK REALTY GROUP · MLS# X13594778

Features & Details

Property details of 492 Vernon Avenue, Ottawa, ON

Property TypeDetached
StyleBungalow
Size1100-1500 sq ft
BasementFull, Unfinished, Development Potential
Total Parking4

Mortgage Calculator

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%
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Mortgage Payment$3,438/monthly
Principal54%
Interest46%
Principal Amount$559,920
Interest$471,600
Total Payable$1,031,520
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$3,438
Mortgage + Expenses$3,438
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$
$
$
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Monthly Cash Flow-$3,438

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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