DetachedOn market 49 daysPrice drop · $25,000 off (-3.8%)
492 Vernon Ave, Overbrook - Castleheights and Area
Overbrook - Castleheights and Area, ON · · MLS® X13812108Updated
$625,000Est. $3,070/mo mortgage
Bedrooms
3
Bathrooms
1
Living space
1100–1500sq ft
Parking spaces
4
Type Detached
Garage Yes
Basement Full, Unfinished
What you should know
492 Vernon Ave is a 3-bedroom, 1-bathroom detached home in Overbrook - Castleheights and Area, listed for $625,000. It has 1100-1500 sq ft of living space.
1Welcome to 492 Vernon Avenue on a quiet residential street within walking distance to St.
3 Bed, 1 Bath Detached Home in Overbrook - Castleheights and Area
About 492 Vernon Avenue
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. 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. 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.
3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $568 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 492 Vernon Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
492 Vernon Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,070
/mo
based on the purchase price of $625,000
$125,000 cash
$500,000 financed
$421,131 total interest
Principal54%$500,000
Interest46%$421,131
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Vernon Avenue? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 492 Vernon Ave with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 492 Vernon Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Overbrook - Castleheights and Area
Other 3–4 bed homes for sale in Overbrook - Castleheights and Area around $625K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings85Homes for sale here right now.
Median vs prior 90 days−3.2%Compared with May 13 – Aug 11, 2026: prices down.
Based on 65 sales from Aug 11 – Nov 9, 2026 (68 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
492 Vernon Ave is listed at $625,000 (MLS® X13812108). Summitly updates the price as soon as the MLS® record changes.
Is $625,000 a good price for 492 Vernon Ave?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Overbrook - Castleheights and Area. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 492 Vernon Ave changed?
Yes — it was first listed at $650,000 and is now $625,000, a drop of $25,000 (3.8%).
How many bedrooms and bathrooms does 492 Vernon Ave have?
492 Vernon Ave has 3 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Overbrook - Castleheights and Area.
Is 492 Vernon Ave close to transit?
The nearest rapid-transit station is St-Laurent Station (O-Train Line 1), about 1.7 km (about a 21-minute walk) in a straight line. Tremblay Station is about 2.0 km (about a 25-minute walk), and Cyrville Station is about 2.1 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 492 Vernon Ave?
About $3,070 a month — principal and interest on $625,000 with 20% down ($125,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 492 Vernon Ave compare with other homes in Overbrook - Castleheights and Area?
Its asking price of $625,000 is about 4% above the median sold price in Overbrook - Castleheights and Area over the last 90 days, $600,000, across 65 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 492 Vernon Ave been sold before?
Summitly has no earlier MLS® sale or lease of 492 Vernon Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 492 Vernon Ave?
492 Vernon Ave is in Overbrook - Castleheights and Area, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 492 Vernon Ave been on the market?
49 days — 492 Vernon Ave was listed on September 21, 2026.
What is the price per square foot of 492 Vernon Ave?
About $417 to $568 per square foot: the asking price of $625,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 492 Vernon Ave have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
