492 Vernon Avenue
Ottawa (Castle Heights), ON K1K 1A6
- 3+2Bedrooms
- 1Bathroom
- 0Garage
- 1100–1500Sq Ft
- $4,881Tax
- 40×105 ftLot Size
Estimated Value:$558,309See Free Estimate Report
Property not available for sale or for rent.
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 492 Vernon Avenue, Ottawa, Castle Heights
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About 492 Vernon Avenue, Ottawa, Castle Heights
Summarized Description
- Exceptional investment opportunity for developers and buyers.
- Potential to convert into a triplex with renovations.
- Generous lot size for future development.
- Zoning allows for multiple residential units.
- Located minutes from downtown Ottawa.
- Close to schools, parks, and public transit.
- Property sold AS-IS with no warranties.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,881
- Land Transfer Tax Fee
- $9,475
- Basement Type
- Full, Unfinished, Development Potential
Interior Features
- Interior Extras
- In-Law Capability, Rough-In Bath, Storage
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- Bungalow
Construction
- Exterior Finish
- Brick, Stone
- Roof
- Asphalt Shingle
- Foundation Details
- Block
- Special Designation
- Unknown
Lot
- Lot Front
- 39.51 ft
- Lot Depth
- 105.19 ft
Parking & Garages
- Garage Type
- Carport
- Garage Spaces
- 0
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Other
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 2
- Washrooms
- 1
- Kitchens
- 1
Washrooms
- 4-piece, Main
- Municipality
- Ottawa
- Neighbourhood
- Castle Heights
- Main cross streets
- Cote Street | Vernon Avenue
- Directions
- Cote Street | Vernon Avenue
- MLS® number
- X13812108
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-10-06
- Listed on
- 2026-09-21
- Days on market
- 15 days
- Possession type
- Immediate
- Co-op commission
- 2.0%
- Seller
- Listed by
- RE/MAX HALLMARK REALTY GROUP
Home Market Value
Current home valuation for 492 Vernon Avenue, Ottawa, Castle Heights, Ottawa, ON. Listed for $650,000
HOMEH Estimate
$558,309
Estimated Sales Range
$441,064 - $675,554
HOMEH Estimate for 492 Vernon Avenue, Ottawa, Castle Heights
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $150,000 over $500K
$40,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $24,388 | $18,135 | $15,470 | $0 |
=Total mortgage | $634,088 | $603,135 | $567,970 | $520,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,096monthly | $2,945monthly | $2,773monthly | $2,539monthly |
Land Transfer Tax
$9,475
$9,475
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
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