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.
Address
492 Vernon Avenue
List Price
$650,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Overbrook - Castleheights and Area
Sub-Area
3503 - Castle Heights
Region
Ottawa
Bedrooms
3 + 2
Bedrooms (Total)
5
Rooms Above Grade
6
Bathrooms
1
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
105.19
Lot Size Units
Feet
Lot Width
39.51
Parcel Number
042440016
Occupant Type
Vacant
Cross Street
Cote Street | Vernon Avenue
MLS® Number
X13812108
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement Area
Full, Unfinished, Development Potential
Postal Code
K1K 1A6
Posession Details
Immediate
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$4,881.45
Tax Year
2025
Interior Features
In-Law Capability, Rough-In Bath, Storage
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Other
Cooling Features
None
Construction Materials
Brick, Stone
Direction Faces
North
Fireplace
Yes
Foundation Details
Block
Garage
Yes
Garage Type
Carport
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 6 & LT 7, PL 717 , AS IN OT81274, S/T THE INTEREST, IF ANY, IN OT35107 ; OTTAWA/GLOUCESTER
Waterfront
No
Sewer
Sewer
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