2481 Chasseur Avenue Ottawa, Ontario K1V 8E7
$1,290,000
2481 Chasseur Ave. in Heron Park may be one of the best managed and highest grossing 3 unit buildings you will ever see. Fully tenanted on leases until April 30, 2027. No vacancies in 11 years and tenants typically stay 2 to 3 years. It's a legal 3 unit building (occupancy permit 2016 on file) and is fire retrofit 2025 (certificate on file) ESA Certificate 2016, so no insurance or mortgage issues. Current zoning is R3 converting to N3 under new zoning regulations. The huge lot is 7,470 sq. ft. and may allow for an additional 7 units to be constructed on the lot. The large detached 2 car garage with a concrete floor has electricity. This could potentially be a coach house. Buyer to perform their due diligence to confirm these possibilities. Garage not rented so this could be an easy and immediate revenue source.Apt. #1 main floor, 4 beds $3,500/mo. Apt. #2 top floor, 2 beds, $2,150/mo. Apt #3 lower level, 4 beds $3,200/mo.4 hydro meters, 1 per apt. and a 4th for garage and outdoor lights.Tenants pay hydro & Internet. Gas furnace Jan. 2026, 2 owned HWT, AC 2023 AC and Heat controlled by landlord through Ecobee app which has 4 sensors in the building. This is a turnkey operation with tenants locked on leases and the units are fully furnished. Tenants provide only their bed linen, towels, dishes, pots and pans.Gross income $106,200. Operating expenses in 2025 are $16,041. (taxes $8,411, hydro $1,179, gas $1,452, water $1,999, insurance $3,000 is an estimate. This gives you an operating expense ratio of 15% and a cap rate of 7% based upon full list price. Your agent can send you the full fact sheet attached to the MLS listing which includes a huge list of updates. Leases, expenses and other documents to be made available upon an accepted offer. This property is in great condition, well maintained by meticulous owners and has upside development potential. You won't be disappointed. Showings Tue. Wed. Thur. & Sat. 11 am to 3:00 pm. (id:63679)
Property Details
| MLS® Number | X13220300 |
| Property Type | Multi-family |
| Neigbourhood | Heron Park |
| Community Name | 4602 - Heron Park |
| Amenities Near By | Public Transit |
| Features | Flat Site, Carpet Free |
| Parking Space Total | 6 |
| Structure | Shed |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 10 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s), Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Freezer, Furniture, Hood Fan, Microwave, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Fence Type | Fully Fenced, Fenced Yard |
| Land Amenities | Public Transit |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | 75 X 100 Ft |
| Size Total Text | 75 X 100 Ft |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29831694/2481-chasseur-avenue-ottawa-4602-heron-park
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June 01 2026 01:26:05
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group