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$829,000
Ontario,Ottawa
For Sale Active
473 VERNON AVENUE, Ottawa, Ontario K1K1A8
  • 5
  • 3
  • 700 - 1100Square Feet
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13050852
  • Price: $829,000
  • Bedrooms: 5
  • Bathrooms: 3
  • Square Footage: 700 - 1100 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 295233
Features & Appliances
Features
  • Heating System: Natural gas, Radiant heat, Not known
  • Cooling System: None
  • Basement: Finished, N/A, Apartment in basement
  • Parking: No Garage, Tandem
  • Architectural Style: Raised bungalow
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Ottawa, K1K1A8
  • Street: Vernon
  • Street Number: 473
  • Street Suffix: Avenue
  • Longitude: W76° 21' 9.2''
  • Latitude: N45° 26' 6''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 84.9 x 61.4 FT
  • Stories: 1.0
Financial
  • Tax Annual Amount: 6341
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Listing updated: 2026-04-28 19:15:49
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Listing Information
  • List Agent Key: 1921575
  • List Office Key: 295233
  • Modification Timestamp: 2026-04-28T02:40:51Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-04-28T02:34:04Z
Powered by REALTOR.ca
Listing updated: 2026-04-28 19:15:50
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