CAONOverbrook - Castleheights and Area473 Vernon Avenue
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473 Vernon Ave, Ottawa, ON

House

For Sale

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536

MLS® X13050852

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential
Size -
Garage None
Taxes $6,341
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13050852

Property Address: 473 Vernon Avenue, Overbrook - Castleheights and Area, ON, K1K1A8

Average square foot calculated using Size range provided by listing agent.

Description

Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $47, 568 annually with a net operating income of $31, 582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare.Show Description
MLS® NumberX13050852
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementApartment, Finished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Home Appraisal

This property is estimated to sell between: $739,000 and $874,000.
Similar properties in this area sold on average for: $739,000
Expected to sell in 40 days. Similar properties sold in 40 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Destination Address
473 Vernon Ave, Ottawa, ON

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