<-- style PDP --> 506 Vernon Avenue, Ottawa - Detached for sale for $699,999
  • sold

506 Vernon Avenue

Ottawa, Ontario, K1K 1A6 - Castle Heights

$699,999$000000

  • Neighbourhood

    Castle Heights

  • Major Intersection

    From St. Laurent Blvd., between Montreal Road & Ogilvie Road, turn on to Cote Street, left on May Street then Right on to Vernon Avenue

  • Listed Since: 188 day(s)

  • Last update: 127 day(s) ago

Overview

  • Property Type

    Detached, Bungalow

  • Bedrooms

    2 + 2

  • Bathrooms

    4

  • Basement

    Finished + Full

  • Kitchen

    1 + 3

  • Total Parking

    5 (1 Detached Garage)

  • Lot Size

    51x111.2 (Feet)

  • Taxes

    $4,992.00 (2025)

  • Type

    Freehold

Property Description

Property description for 506 Vernon Avenue, Ottawa

Welcome to 506 Vernon Avenue, a rare multi-unit opportunity in Ottawa's Castle Heights / Overbrook. This detached bungalow, built in 1960 on a 51 x 111.2 lot, combines versatility, strong rental income, and long-term investment potential. The property generates approximately $63,264 annually, offering an ideal scenario for investors. The main level features a bright two-bedroom unit with open living and dining space, a cozy fireplace, a full kitchen, and a three-piece bath. The finished lower level includes a one-bedroom unit plus two studio apartments, each with its own kitchen and bath, providing privacy and comfort for long-term tenants. Altogether, the property includes four kitchens, four bathrooms, and over 2,300 square feet of finished living space, allowing flexible living or income configurations. Additional highlights include five parking spaces, gas forced-air heating, central air conditioning, and included appliances: stove, refrigerator, microwave, dishwasher, washer, and dryer. The exterior features durable brick and vinyl siding, while R4UA zoning enhances multi-unit possibilities. Conveniently located just minutes from downtown Ottawa, this property is close to St. Laurent Shopping Centre, local cafes, schools, parks, and the Rideau River pathways. Transit options and Highway 417 provide easy city-wide access. With established rental income, multi-unit zoning, and a prime location, 506 Vernon Avenue is more than a home; it's a smart investment. Don't miss this unique opportunity to live, earn, and grow your portfolio. Book your private showing today!

Listed by EXP REALTY

  • MLS #

    X12483925

  • Sq. Ft

    1100-1500

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    51-99

  • Pool

    None

  • Drive

    n/a

  • Garage

    Detached, 1 spaces

  • Total Parking

    5

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Asphalt Shingle

  • Foundation

    Block

  • Elevator

    N

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Living

    5.13 x 4.37 ft Main level

  • Dining

    2.5 x 3.86 ft Main level

  • Kitchen

    2.63 x 3.86 ft Main level

  • Primary

    3.82 x 3.86 ft Main level

  • Br

    2.52 x 3.94 ft Main level

  • Bathroom

    2.53 x 1.62 ft Main level

  • Office

    2.8 x 4.37 ft Main level

  • Br

    3.45 x 3.94 ft Lower level

  • Br

    2.56 x 2.92 ft Lower level

  • Kitchen

    3.58 x 3.78 ft Lower level

  • Rec

    6.46 x 3.96 ft Lower level

  • Bathroom

    2.53 x 1.48 ft Lower level

    3 Pc Bath

  • Bathroom

    1.56 x 2.3 ft Lower level

    3 Pc Bath

  • Bathroom

    0.0 x 0.0 ft Lower level

    3 Pc Bath

  • MLS #

    X12483925

  • Sq. Ft

    1100-1500

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    51-99

  • Pool

    None

  • Drive

    n/a

  • Garage

    Detached, 1 spaces

  • Total Parking

    5

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Asphalt Shingle

  • Foundation

    Block

  • Elevator

    N

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Living

    5.13 x 4.37 ft Main level

  • Dining

    2.5 x 3.86 ft Main level

  • Kitchen

    2.63 x 3.86 ft Main level

  • Primary

    3.82 x 3.86 ft Main level

  • Br

    2.52 x 3.94 ft Main level

  • Bathroom

    2.53 x 1.62 ft Main level

  • Office

    2.8 x 4.37 ft Main level

  • Br

    3.45 x 3.94 ft Lower level

  • Br

    2.56 x 2.92 ft Lower level

  • Kitchen

    3.58 x 3.78 ft Lower level

  • Rec

    6.46 x 3.96 ft Lower level

  • Bathroom

    2.53 x 1.48 ft Lower level

    3 Pc Bath

  • Bathroom

    1.56 x 2.3 ft Lower level

    3 Pc Bath

  • Bathroom

    0.0 x 0.0 ft Lower level

    3 Pc Bath

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 506 Vernon Avenue, Ottawa

This property has been sold 4 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Estimated price

Date
Price
Change
2025-10-27
$710,540
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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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