Re-listed 18 hours ago

492 Vernon Ave, Ottawa, Ontario K1K 1A6

Detached
3 + 2
1
~1100-1500 sqft
$•••,•••
$699,900
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Detached
3 + 2
1
~1100-1500 sqft

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Highlights

Property Estimate

Days on market18 hours

Total days on market
23 days

Estimated valueNot available

Price/Sqft$551/sqft

Monthly cost

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Description

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.


Property Details

StyleBungalow
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size4,156 SqFt(105.19 x 39.51)
Parking Spaces4
MLS ®NumberX13594778
Community NameVanier South
Data SourceTRREB
Listing byRE/MAX HALLMARK REALTY GROUP

Features

Heating: Other
Basement: Full, Unfinished

Features

Lot size: 4,156 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
18 hours on market
history photo preview39
Listing by trreb®
Property listed by RE/MAX HALLMARK REALTY GROUP, Brokerage
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Population and Demographics

Overview

Total population 9162
Average household income $98,603

Age (%)

0 to 19
14%
20 to 34
25%
35 to 49
18%
50 to 64
21%
65 and plus
23%

Household composition (%)

Single person
50%
Single family
39%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
49%
French
32%
Arabic
5%
English and French
4%
Spanish
2%
French and non-official language(s)
2%
Others
1%
Haitian Creole
1%
Portuguese
1%

House tenancy (%)

Renters
70%
Owners
30%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget