473 Vernon Avenue, Overbrook - Castleheights and Area, ON K1K 1A8
Overbrook - Castleheights and Area, ON, K1K 1A8 · 3503 - Castle Heights
About this property
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 $48,192 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.
Features & Amenities
- Basement: Apartment, Finished
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Gas
- Style: Bungalow-Raised
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | Bungalow-Raised |
| Bedrooms | 5 |
| Bathrooms | 3 |
| Basement | Apartment, Finished |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $6,341 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Carpet Free, In-Law Capability, Separate Hydro Meter
Exterior Features
- Other Structures
- Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- Bungalow-Raised
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Apartment, Finished
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
- Parking Total
- 6.00
- Parking Features
- Private Double, Tandem
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 61.44
- Lot Width
- 84.89
Financial & Tax
- Tax Annual Amount
- $6,341
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBD
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 7
- Rooms Below Grade
- 6
- Kitchens Above Grade
- 1
- Kitchens Total
- 3
- Bedrooms Above Grade
- 3
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Ottawa
- Cross Street
- Vernon & Cote
- Directions
- From St Laurent Blvd, West on Cote St, Left on Vernon Ave.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
473 Vernon Avenue, Overbrook - Castleheights and Area, ON K1K 1A8, Overbrook - Castleheights and Area, ON, K1K 1A8