$829,000
FOR SALE

Triplex Bungalow-Raised

Bedrooms: 5Bathrooms: 3Lot: 84.89 x 61.44 ft
2025 Taxes: $6,341

473 Vernon Ave
Overbrook - Castleheights And Area, ON K1K 1A8 | 3503 - Castle Heights | Ottawa

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.
Extras
Carpet Free, In-Law Capability, Separate Hydro Meter
Share
Listed By SLEEPWELL REALTY GROUP LTD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13050852
Last Updated May 16, 2026
Property Summary
Property Type Triplex

More like this:
PIN 042440021
Legal Description BLK A, PL 717 , S/T THE INTEREST, IF ANY, IN OT35107 ; OTTAWA/GLOUCESTER
Possession Date TBD
Taxes (2025) $6,341
Directions/Cross Streets Vernon & Cote
Neighbourhood 3503 - Castle Heights
Area Ottawa
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 5
Bathrooms 3
Lot 84.89 x 61.44 ft
Exterior Brick
Air Conditioning None
Basement Apartment, Finished
Garage Type None
Parking Spaces 6
Heat Source Gas
Heat Type Radiant
Sewers Sewer

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)