$650,000
Est. payment $2,878/moCalculate yours
492 Vernon Avenue, Overbrook - Castleheights and Area, ON K1K 1A6
3503 - Castle Heights, Overbrook - Castleheights and Area, ON K1K 1A6
- 3 + 2 Beds
- 1 Baths
- 1,100 Sq Ft
Listing courtesy of RE/MAX HALLMARK REALTY GROUP MLS® X13812108
About this home
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
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- Sold Conditional
- Size
- 1,100 sqft
Interior
- Bedrooms
- 3 + 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- Full, Unfinished, Development Potential
Building & Systems
- Heating
- Other (Gas)
- Cooling
- None
- Exterior
- Brick, Stone
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 39.51 x 105.19 Feet
- Parking
- Carport garage · 4 total
Financial
- Property Taxes
- $4,881 (2025)
Location
- Neighbourhood
- 3503 - Castle Heights
- Cross Street
- Cote Street | Vernon Avenue
- Direction Faces
- North
Listing
- MLS® Number
- X13812108
- Days on Market
- 27
- Listed On
- 2026-09-21
- Possession
- Immediate
- Listed By
- RE/MAX HALLMARK REALTY GROUP
Features
Interior
- In-Law Capability
- Rough-In Bath
- Storage
Pool
- None
Mortgage calculator
Estimated mortgage payment
$2,878 per month
- Principal and interest
- $2,878
- Property tax
- $407
- Condo fees
- $0
- Estimated monthly cost
- $3,285
Your mortgage
- Mortgage amount
- $520,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $343,418
Cash to close
- Down payment
- $130,000
- Land transfer tax
- $9,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $139,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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