Power Marketing

 521 VERNON AVENUE , Ottawa

4 Bed / 3 Bath / $749,900 / MLS® Listing #:1197646

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Looking for a triplex but can't find anything solid under 7 figures? Why not make your own instead? This property sits in a FOURTH density residential zone (R4B) in Castle Heights. This zoning supports converting the property into a triplex. Currently configured as three apartments that are always in demand, make your plans for compliant conversion. Cost it out and assess the returns. The change in property class will drive up the value, as will increasing rents as tenants turnover. Two hydro meters. The three-bedroom and studio apartments are heated by a forced-air natural gas furnace (newer) and have central air (older; working well). The one bedroom unit is heated by electric baseboards. Both basement units are flooded with daylight from amazing over-sized windows. Two hot water tanks are owned for reduced operating costs. Sitting pretty on a beautiful corner lot, with a double garage and single car port, this is an attractive asset. 48 hours notice for showings. (id:10452)

Property Details

Property Type House
Architectural Style Bungalow
Square Feet
Maintenance N/A
Days On Our Website 34
Basement Finished - Full (Finished)
Kitchens 3
Lot Dimensions 60 ft X 98.87 ft
Pool N/A
Area Ottawa
Air Conditioning Central air conditioning
Heating Natural gas, Electric - Baseboard heaters, Forced air
Exterior Brick, Siding
Parking Spaces 6
Parking Type Attached garage,Carport
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX HALLMARK REALTY GROUP



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