521 VERNON AV, OTTAWA

$ 749,900

Description

Outstanding potential in this detached single family bungalow currently used as three separate apartments. Sitting on a beautiful corner lot in a FOURTH density residential zone (R4B) in Castle Heights, a 12 minute drive to Parliament Hill, it is a prime asset with upside. Main floor 3-bedroom tenants leased through May 31, 2021 at $1,375/month inclusive. Basement 1-bedroom apartment is rented month-to-month at $1,200/month inclusive. Basement studio is rented at $975/month inclusive, tenant vacating. Excellent tenants. Always in demand. Income has room to grow. Just starting out? Live downstairs & let the other two units make you wealthy helping pay down your mortgage. Move upstairs later. Two hydro meters. 3-bed and studio forced-air natural gas furnace (newer) plus central air (older; working well). Both basement units flooded with daylight from amazing over-sized windows. Two hot water tanks are owned for reduced operating costs. Ask your agent book a showing! 48 hours notice.

Additional Details

  • Lot Size
    60.00 X 98.87 Ft.
  • Community
    Castle Heights
  • Property Style
    BUNGLOW
  • Tax
    $3944
  • Garage Type
    GARAT1,CARPRT1
  • Parking Space
    6
  • Air Conditioning
    CENTRAL
  • Heating Type
    BASEBRD,FORCED
  • Basement
    FULLYFN FULL

Features

  • Fireplace
  • Pool
  • Elevator
  • Furnished
  • Family Room
  • Central Vacuum
  • Retirement
  • Water Front

Location

521 VERNON AV , OTTAWA, Ontario K1K 1A7

Nearby Schools

  Green Yellow Orange Red
Fraser Institute
Rating (out of 10)
10.0-7.6 7.5-6.0 5.9-4.1 4.0-0.0

Disclaimer: The property is not necessarily in the boundary of the schools shown above. This map indicates the closest primary and secondary schools that have been rated by the Fraser Institute. There may be other, closer schools available that are not rated by the Fraser Institute, or the property can be in the boundary of farther schools that are not shown on this map. This tool is designed to provide the viewer an overview of the ratings of nearby public schools, and does not suggest association to school boundaries. To view all schools and boundaries please visit the respective district school board’s website.

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Listing Brokerage

  • RE/MAX HALLMARK REALTY GROUP