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.
For sale
C$699,900
492 Vernon Ave, Ottawa, ON K1K 1A6
5beds
1baths
Single Family Residence
Built in ----
4,156 Square Feet Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 44 days
- 18
- 2
Zillow last checked:
Listing updated:
Listed by:
RE/MAX HALLMARK REALTY GROUP
Source: TRREB,MLS®#: X13594778
Originating MLS®#: Ottawa Real Estate Board
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 1
Heating
- Other, Gas
Cooling
- None
Features
- In-Law Capability, Rough-In Bath, Storage
- Basement: Full,Unfinished,Development Potential
- Has fireplace: No
Interior area
- Living area range: 1100-1500 null
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Has carport: Yes
Features
- Pool features: None
Lot
- Size: 4,156 Square Feet
Details
- Parcel number: 042440016
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick, Stone
- Foundation: Block
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Ottawa
Financial & listing details
- Annual tax amount: C$4,881
- Date on market: 7/22/2026
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Vanier
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.







