506 Vernon Avenue

Overbrook - Castleheights and Area, 3503 - Castle Heights

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 $63,264 annually. 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. 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!

This duplex home located at 506 Vernon Avenue N, Overbrook - Castleheights and Area, ON K1K 1A6 is Inactive and has been available on Wedu.ca for 17 days. This property was listed at CA$700K. It has 4 beds, 4 bathrooms, and is 1100-1500 square feet. The property is N/A years old. 506 Vernon Avenue N, Overbrook - Castleheights and Area, ON K1K 1A6 is in Overbrook - Castleheights and Area neighborhood 3503 - Castle Heights.