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For Sale
Estate Sale

492 Vernon Avenue

3503 - Castle Heights, Overbrook - Castleheights and Area, ON
$724,900
3+2Bd
1Ba
1,300+sqft
4Parking
39.51 x 105.19 ftlot
$558/sqft
DetachedMLS# X13508694Listed 2026-07-0113 DOM
Basement
Unfinished

About this home

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.

Features

  • Rough-In Bath
  • In-Law Capability
  • Full
  • Unfinished
  • Development Potential
  • None
  • 2-Storey

Financials

Annual Taxes
$4,881.45

Estimated Rental Income

Entire property$3,200 – $4,800/mo
Rental yield5.3% – 7.9%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Overbrook - Castleheights and Area

Days on market13 days
Buyer's MarketSeller's Market

Based on active listings in Overbrook - Castleheights and Area. Data updates daily.

Our estimate for this home

Priced 11.0% below estimate
Estimated range
$753K$875K
Mid-point $814K · ~$626/sqft
How this listing compares
$753KList · $725K$875K
High confidence·Based on 7550 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$724,900
492 Vernon Avenue, Overbrook - Castleheights and Area
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