<-- style PDP --> 506 Vernon Avenue, Ottawa - Duplex 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: 130 day(s) ago

Overview

  • Property Type

    Duplex, 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

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!

Listed by EXP REALTY

  • MLS #

    X12483938

  • 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/a

  • 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

    3 Pc Bath

  • 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

  • MLS #

    X12483938

  • 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/a

  • 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

    3 Pc Bath

  • 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

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

Property History

Property history for 506 Vernon Avenue, Ottawa

This property has been sold 1 time before. Create your free account to explore sold prices, detailed property history, and more insider data.

Sign In / Register

Estimated price

Date
Price
Change
2025-10-27
$713,340
---

Mortgage Calculator

This data is for informational purposes only.

Mortgage Payment per month

Principal Amount

Interest

Total Payable

Amortization

Amortization

Closing Cost Calculator

This data is for informational purposes only.

Closing Cost Total for this property

Total Cash flow for purchasing this property

Down Payment(%)*
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

Recent Sold Listings in Castle Heights, Ottawa

Popular Cities