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.
| MLS # | X13594778 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 31 |
| Listing Provided By | RE/MAX HALLMARK REALTY GROUP | X13594778 504302 |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 1 |
| Car Port | Yes |
| Basement | Y |
| Acreage | 0.10 |
| Interior Features | In-Law Capability, Rough-In Bath, Storage |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Brick, Stone |
| Garage Yes / No | No |
|---|
| Sewer | Sewer |
|---|
| Tax Annual Amount | 4881.45 |
|---|---|
| Tax Legal Description | PT LT 6 & LT 7, PL 717 , AS IN OT81274, S/T THE INTEREST, IF ANY, IN OT35107 ; OTTAWA/GLOUCESTER |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Overbrook - Castleheights and Ar |
| Postal Code | K1K 1A6 |
| Area | 3503 Castle Heights |
| Listing VS Median (in K1K 1A6) | |
Price: $699,900 low | high Med: $0 On site: 31 low | high Med: | |
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Overbrook - Castleheights and Ar |
| Postal Code | K1K 1A6 |
| Area | 3503 Castle Heights |
| Listing VS Median (in K1K 1A6) | |
Price: $699,900 low | high Med: $0 On site: 31 low | high Med: | |