492 Vernon Avenue, Overbrook - Castleheights and Area, ON K1K 1A6
3503 - Castle Heights, Overbrook - Castleheights and Area · Near Cote Street | Vernon Avenue · View map
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.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 6
- Basement
- Full, Unfinished, Development Potential
- Lot size
- 39.5 x 105.2 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Stone
Heating & cooling
- Heating fuel
- Gas
- Fireplace
- Yes
Garage & parking
- Garage
- Carport
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $4,881/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Cote Street | Vernon Avenue
- Neighbourhood
- 3503 - Castle Heights
More
- Price per sq ft
- ~$500 (at 1,300 sq ft)
- Listed
- Sep 21, 2026 · 22 days ago
- MLS® number
- X13812108
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The home and its surroundings
- In-Law Capability
- Rough-In Bath
- Storage
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
492 Vernon Avenue, Overbrook - Castleheights and Area, ON K1K 1A6
3503 - Castle Heights, Overbrook - Castleheights and Area · Near Cote Street | Vernon Avenue
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Listing history for 492 Vernon Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 492 Vernon Avenue
Answers come straight from this home’s MLS® listing.
How much is 492 Vernon Avenue listed for, and what would it cost each month?
492 Vernon Avenue is listed for $650,000. With 20% down ($130,000), the mortgage payment would be roughly $2,622 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,029 a month, all in. That figure is an illustration, not a quote.
Is 492 Vernon Avenue freehold or a condo, and is there a monthly fee?
492 Vernon Avenue is a bungalow in 3503 - Castle Heights, Overbrook - Castleheights and Area. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 492 Vernon Avenue have?
492 Vernon Avenue has 3 bedrooms, plus 2 more bedrooms in the basement, and 1 bathroom.
Does 492 Vernon Avenue have a garage and parking?
Yes. The listing shows the garage as carport. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 492 Vernon Avenue have a finished basement?
The listing describes the basement as full, unfinished, development potential.
What style of home is 492 Vernon Avenue?
492 Vernon Avenue is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 492 Vernon Avenue, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 39.5 x 105.2 ft.
How is 492 Vernon Avenue heated and cooled?
Heating is (gas). The listing does not show air conditioning.
What are the property taxes for 492 Vernon Avenue?
Property taxes are $4,881 a year (2025), or about $407 a month.
Where is 492 Vernon Avenue?
492 Vernon Avenue is in the 3503 - Castle Heights community of Overbrook - Castleheights and Area. The nearest main intersection is Cote Street | Vernon Avenue. The postal code is K1K 1A6.
How long has 492 Vernon Avenue been on the market?
492 Vernon Avenue was listed on September 21, 2026. It has been on the market for 22 days. It is an active listing (MLS® X13812108). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 492 Vernon Avenue asking?
Similar bungalow-style homes for sale nearby right now include 464 Mutual Street at $674,900 (3 bed), 636 Malartic Avenue at $699,800 (4 bed) and 528 MUTUAL Street at $529,000 (2+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 492 Vernon Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 492 Vernon Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near 3503 - Castle Heights, picked by style, size and price.
Bungalow$674,900464 Mutual Street, Overbrook - Castleheights and Area3 bed · 2 bath · 3503 - Castle HeightsCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Bungalow$699,800636 Malartic Avenue, Overbrook - Castleheights and Area4 bed · 2 bath · 3503 - Castle HeightsCourtesy of: COLDWELL BANKER FIRST OTTAWA REALTYView home →
Semi-detached bungalow$529,000528 MUTUAL Street, Overbrook - Castleheights and Area2+2 bed · 2 bath · 3503 - Castle HeightsCourtesy of: POWER MARKETING REAL ESTATE INC.View home →Courtesy of: RE/MAX HALLMARK REALTY GROUP
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.