492 Vernon Avenue
Overbrook - Castleheights and Area, ON
- 5 bed
- 1 bath
- approx. 1100-1500 sqft
- Detached
- 48 days on market
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.
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Listing Details
- Taxes (2025)
- $4,881
- Listed
- July 22, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Construction
- Brick, Stone
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- In-Law Capability, Rough-In Bath, Storage
- Lot Size
- 39.51 x 105.19 Feet
Parking
- Garage
- Carport
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Cote Street | Vernon Avenue
- Parcel Number
- 042440016
- Possession
- Flexible
- Occupancy
- Vacant
Schools
Elementary
- Robert E. Wilson Public School0.3 km
Public · Ottawa-Carleton DSB · 250 students
Grade 3 reading: 42% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Queen Elizabeth Public School0.5 km
Public · Ottawa-Carleton DSB · 405 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 17% met the provincial standard
- St Michael Elementary School0.6 km
Catholic · Ottawa CSB · 175 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 41% met the provincial standard
Secondary
- Ottawa Technical Secondary School0.6 km
Public · Ottawa-Carleton DSB · 330 students
Grade 10 literacy: 48% met the provincial standard
- École secondaire catholique de l’innovation1.1 km
French Catholic · CSDC du Centre-Est de l'Ontario · 95 students
Grade 10 literacy: 71% met the provincial standard
- École secondaire catholique Samuel-Genest1.6 km
French Catholic · CSDC du Centre-Est de l'Ontario · 855 students
Grade 10 literacy: 96% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1K
- Population
- 32,046
- Private dwellings
- 15,235
- Median age
- 42.4
- Average household size
- 2.2
- Median household income
- $73,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Overbrook - Castleheights and Area · last 12 months
- Median sold price
- $586,000
- Homes sold
- 197
- Median days on market
- 23
- Sale-to-list price
- 97.8%
Based on 197 recorded sales of residential freehold properties in Overbrook - Castleheights and Area over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
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Mortgage Calculator
$139,980
Estimated Monthly Payment
$3,438
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,438/mo (20% down, 5.5%)
Taxes: $407/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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