521 VERNON AVENUE

Ottawa, Ontario

K1K1A7
749,900
4 beds, 3 baths, 3 kitchens
Multi-Family
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:6355)

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