$829,000
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473 Vernon Avenue, Ottawa, ON K1K1A8

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5 Beds
3 Baths
- Sq Ft

Well-maintained triplex on an oversized lot with over 84 ft of frontage, offering a rare opportunity to blend immediate cash flow, owner-occupancy potential, and long-term redevelopment upside. The property generates $48, 192 annually with a net operating income of $31, 582, featuring a spacious upper-level 3-bedroom unit ideal for an owner-occupant, complemented by two lower-level studio apartments to help offset carrying costs. Unit 1 and Unit 2 are currently on month-to-month leases, while Unit 3 is leased until July 31, 2026. This property has been meticulously maintained by long-term ownership, with clear pride of care throughout and very little deferred maintenance, allowing a new owner to step in and operate with confidence and minimal immediate capital requirements. Major capital improvements include a new roof (2014), driveway expansion and repaving, landscaping and regrading, masonry repairs, and a PVC privacy fence. For investors, this is a balanced asset with solid in-place income and clear upside. For end users, it presents a unique opportunity to live in a larger unit while generating meaningful rental income. The 84 ft frontage further enhances the property with strong future potential for redevelopment, severance, or expansion, making this a versatile acquisition in a market where opportunities like this are increasingly rare. (id:58753)

Listing By: Adam Pearce - SLEEPWELL REALTY GROUP LTD cncrea2 Realty.com
  • MLS® X13050852
  • Date Listed04/28/2026
  • Days on Realty 39 Days
  • Bedrooms 5
  • Bathrooms 3 baths
  • Lot Size -
  • Sewer Other
  • Property Type Triplex
  • Water Public

Interior Features

  • Appliances Washer, Refrigerator, Stove, Dryer
  • Cooling None
  • Heating Radiant heat, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Carpet Free

Directions

Cross Streets: Vernon & Cote. ** Directions: From St Laurent Blvd, West on Cote St, Left on Vernon Ave.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1K1A8

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1K1A8

Source: Walk Score

88/100

Very Walkable

Walk Score ®

53/100

Good Transit

Transit Score ®

77/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

14 nearby routes: 14 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 65/100, Transit Score: 58/100, Bike Score: 77/100.

Points of Interest near 473 VERNON AVENUE, Ottawa, ON K1K1A8

Frequently Asked Questions for 473 VERNON AVENUE

Source: Realty.com

473 VERNON AVENUE, Ottawa, ON K1K1A8 in Ottawa, ON K1K1A8 is a triplex listed at $829,000. Highlights include 5 bedrooms, 3 bathrooms. Realty.ca has 39 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 39 photos of 473 VERNON AVENUE.

The full address for this home is 473 VERNON AVENUE, Ottawa, ON K1K1A8.

473 VERNON AVENUE has been listed on Realty.com since Tue April 28, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 65/100, Transit Score: 58/100, Bike Score: 77/100.

Listing provided courtesy of: SLEEPWELL REALTY GROUP LTD
Listing agent: Adam Pearce

This content last refreshed on 2026-06-06 17:03:35. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.