Salehian.com 647-325-5000

492 Vernon Avenue

3503 - Castle Heights, Overbrook - Castleheights and Area, K1K 1A6

$625,000

Reduced $25,000 from $650,000

Photo 1 of 36Photo 2 of 36Photo 3 of 36Photo 4 of 36Photo 5 of 36Photo 6 of 36Photo 7 of 36Photo 8 of 36Photo 9 of 36Photo 10 of 36Photo 11 of 36Photo 12 of 36Photo 13 of 36Photo 14 of 36Photo 15 of 36Photo 16 of 36Photo 17 of 36Photo 18 of 36Photo 19 of 36Photo 20 of 36Photo 21 of 36Photo 22 of 36Photo 23 of 36Photo 24 of 36Photo 25 of 36Photo 26 of 36Photo 27 of 36Photo 28 of 36Photo 29 of 36Photo 30 of 36Photo 31 of 36Photo 32 of 36Photo 33 of 36Photo 34 of 36Photo 35 of 36Photo 36 of 36
  • 3+2 bedrooms
  • 1 bathrooms
  • 4 parking
  • 1100-1500 sq ft

Listed 29 days ago · 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.

Details

Type
Detached
Style
Bungalow
Size
1100-1500 sq ft
Lot
39.51 × 105.19 ft
Basement
Full, Unfinished, Development Potential
Garage
Carport
Kitchens
1
Property tax
$4,881 (2025)
Neighbourhood
3503 - Castle Heights
Municipality
Overbrook - Castleheights and Area
Price per sq ft
$481 (4% below detached houses in Overbrook - Castleheights and Area, $499)

Interior

Bedrooms
3 above ground + 2 below
Bathrooms
1 × 4-piece (main)
Rooms
6 above ground
Family room or den
No
Fireplace
Yes
Features
In-Law Capability, Rough-In Bath, Storage

Heating, cooling and services

Heating
Gas
Water and sewer
Sewer

Building and exterior

Style
Bungalow
Exterior
Brick, Stone
Roof
Asphalt Shingle
Foundation
Block
Faces
North

Parking

Total parking
4

Lot

Size
39.51 × 105.19 ft

More

Possession
Immediate
Cross street
Cote Street | Vernon Avenue

Price history

DatePriceChange
Oct 5, 2026$650,000Listed
Oct 20, 2026$625,000−$25,000

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 St-Laurent LRT1.7 km
  • 🚇 Tremblay LRT2.0 km

Within a 10-minute walk: 2 grocery stores, 24 cafés and restaurants, 9 parks, 12 pharmacies. Nearest grocery: FreshCo (650 m). Nearest park: St-Laurent Park (250 m).

Schools nearby

Elementary

  • Robert E. Wilson Public School
    EQAO: Gr 6 reading 82%, math 41%    5 min walk
  • Queen Elizabeth Public School
    EQAO: Gr 6 reading 66%, math 17%    8 min walk
  • St. Michael School Catholic
    EQAO: Gr 6 reading 88%, math 41%    9 min walk
  • M.F. McHugh Education Centre Catholic9 min walk

Secondary

  • Ottawa Technical Secondary School
    EQAO: Gr 9 math 23%, literacy test 48%    7 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K1K

Owners / renters
41% / 59%
Median household income
$73,500
Average age
43
Children under 15
15%
Homes
18% detached, 27% high-rise
Commute by transit
18%
Population
32,046

Languages spoken most at home besides English: Arabic 3.2%, Spanish 1.1%, Somali 0.8%, Tagalog (Pilipino, Filipino) 0.7%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown Ottawa: 4 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (whole home or part of it), with a City host permit. Rural cottage rentals have a separate permit.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX HALLMARK REALTY GROUP.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Similar homes nearby

See more in Overbrook - Castleheights and Area