473 VERNON AVENUE, 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 $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:25961)
Schedule a Tour
Talk to a Home Lifestyle Matchmaker
Use our neighbourhood guide to score the perfect match between your lifestyle and home. When ready to buy, we will put you in touch with a REALTOR® who specializes in Ottawa.
Details
- Architectural Style: Raised bungalow
- Equipment: Water Heater
- Features: Carpet Free
- Parking Spaces: 6
- Rental Equipment: Water Heater
- Structure: Shed
- Transaction: For sale
Building
- Amenities: Separate Electricity Meters
- Appliances: Dryer, Stove, Washer, Refrigerator
- Architectural Style: Raised bungalow
- BasementType: N/A, N/A (Finished)
- Basement Development: Finished
- Basement Features: Apartment in basement
- Bedrooms Main Level: 3
- Bedrooms Lower Level: 2
- Cooling: None
- Exterior Finish: Brick
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Total): 3
- Heating: Radiant heat, Not known
- Heating Fuel: Natural gas
- Size Interior: 700 - 1100 sqft
- Stories Total: 1
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 61 ft ,4 in
- Size Frontage: 84 ft ,10 in
- Size Irregular: 84.9 x 61.4 FT
This property for sale is located at 473 VERNON AVENUE in Ottawa. It was last modified on April 30th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
Listing provided by SLEEPWELL REALTY GROUP LTD
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Make an Offer
Request an In-house Showing
Mortgage Calculator
Land Transfer Calculator
Request More Information
Let us find a Property to Match your Lifestyle
Schedule an In-house Tour
Are you not already working with an agent? If you are not working with an agent, schedule a private viewing with one of our real estate agents.