14
506 VERNON AVENUE N
$726,168 Sale
Listed 5 hours ago
· 2+2
· 4.0
· 5
· 1100 - 1500
Key Facts
Key facts for 506 VERNON AVENUE N
Property Type
Apartment, Duplex
Parking
Garage: Yes, 5 parking
MLS #
X12425221
Size
1100 - 1500 sqft
Basement
Finished, Full (Finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
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 fo...ur 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. (id:10452)
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Bathroom
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40.3 sqft
Bathroom
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Measurements not available
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Listing courtesy of: EXP REALTY
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