473 Vernon AVE, Overbrook - Castleheights And Area, ON K1K 1A8
473 Vernon AVE, Overbrook - Castleheights And Area, ON K1K 1A8
473 Vernon AVE, Overbrook - Castleheights And Area, ON K1K 1A8
473 Vernon AVE, Overbrook - Castleheights And Area, ON K1K 1A8
473 Vernon AVE, Overbrook - Castleheights And Area, ON K1K 1A8
473 Vernon AVE, Overbrook - Castleheights And Area, ON K1K 1A8
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Sharon Browne

Sharon Browne

+1(416) 873-3259
$ 829,000
Est. payment | /mo

5 Beds

3 Baths

Save
$ 829,000
Est. payment | /mo
Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision 3503 - Castle Heights

MLS Listing ID X13050852

Style Bungalow-Raised

Bedrooms 5

Annual Tax Amount $6,341

Tax Year 2025

Property Sub-Type Triplex

Property Description

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 $47,568 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.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Carpet Free, In-Law Capability, Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double, Tandem

Pool None

Roof Type Asphalt Shingle

Lot Frontage 84.89

Lot Depth 61.44

Total Parking Spaces 6

Building

Foundation Concrete

Others

ParcelsYN No

Listed by SLEEPWELL REALTY GROUP LTD

NEARBY SCHOOLS & PROPERTIES

Sharon Browne

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 873-3259

sharon@sharonbrownehomes.com

130 King St W Unit 1800B, Toronto, ON, M5X1E3, Canada

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473 Vernon AVE