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Stjepan Rasic

stjepan@rasicteam.ca +1(905) 901-1596

$ 699,999

Est. payment | -/mo

4 Beds

4 Baths

Save Virtual Tour

$ 699,999

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 3503 - Castle Heights

MLS Listing ID X12483938

Style Bungalow

Bedrooms 4

Annual Tax Amount $4,992

Tax Year 2025

Property Sub-Type Duplex

Property 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!

Location

Province ON

County Ottawa

Community 3503 - Castle Heights

Area Ottawa

Zoning R4UA

Rooms

Basement Finished, Full

Kitchen 4

Interior

Interior Features Primary Bedroom - Main Floor

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Living Room

Inclusions Stove, Microwave, Dryer, Washer, Refrigerator, Dishwasher

Exterior

Parking Features Detached

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 5

Building

Building Age 51-99

Foundation Block

Others

Virtual Tour https://my.matterport.com/show/?m=FQTqodweXG5&mls=1

Lited by EXP REALTY

506 Vernon AVE N Overbrook - Castleheights And Area, ON K1K 1A6