For Sale · Ottawa · Single Family

$724,900

492 VERNON AVENUE, Ottawa

Beds

Baths

About This Home

The details.

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. (id:66635)

Summarizing the highlights...

MLS® X13508694Listing courtesy of RE/MAX HALLMARK REALTY GROUPView on map Street view

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Storeys: 2
Parking: 4 spaces
Listed on: 2026-06-30
Days on market: 15
MLS number: X13508694
Data source: Ottawa Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$3,390

$579,920 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$3,390

Cash flow

-$3,390

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Ottawa right now

1,331

Active listings

1,658

New this week

$590,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Ottawa.

Household and demographic stats for Ottawa, from the Statistics Canada 2021 Census.

1,017,449
Population (2021): 40
Median age: 407,255
Households: 2.5
Avg household size: 63.9%
Home ownership: $102,000
Median household income

Ottawa market trends

Source: Statistics Canada 2021 Census, Ottawa, City, Ontario.

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

Robert E. Wilson Public School
public · elementary
340 m
Queen Elizabeth Public School
public · elementary
490 m
Ottawa Technical Secondary School
public · secondary
590 m
St Michael Elementary School
catholic · elementary
640 m
St. Laurent Academy Inc
independent · k12
710 m
Académie Providence Soeurs Antonines
independent · elementary
770 m

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

Similar Homes

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Rental Market

Renting nearby.

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.