For Sale: 2481 Chasseur Avenue, Ottawa, ON - REW
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$1,290,000
10 bd • 3 ba • 1500 - 1999 sf • Multifamily
2481 Chasseur Avenue
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$1,290,000
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2481 Chasseur AvenueOttawa, ON, K1V 8E7

Billings Bridge - Alta Vista
  • 10 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Patrick Walchuk, Salesperson, RE/MAX HALLMARK REALTY GROUP

Home facts and features

Price details
List Price
$1,290,000
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Gross Taxes for 2025
$8,411
Home facts
Bedrooms
10
Full Bathrooms
3
Parking Spaces
6
Parking Details
Detached Garage, Garage
Property Type
Multifamily
Depth
100 feet
Frontage
75.0 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Full
Features
Carpet Free, Fireplace(s), Flat site, Separate Electricity Meters
Appliances
Dishwasher, Dryer, Freezer, Furniture, Hood Fan, Microwave, Refrigerator, Stove, Washer, Water Heater
Community
Agent details
Primary Agent
Patrick Walchuk
Primary Broker
RE/MAX HALLMARK REALTY GROUP
Listing details
Days on REW
7 Days
MLS® Number
X13220300
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

É Élém C d'enseignement personnalisé Lamoureux
  • Catholic
  • JK - 8
Brookfield High School
  • Public
  • 9 - 12
General Vanier Public School
  • Public
  • JK - 3
Charles H. Hulse Public School
  • Public
  • JK - 6
Ridgemont High School
  • Public
  • 9 - 12
St Patrick's High School
  • Catholic
  • 9 - 12
Alta Vista Public School
  • Public
  • JK - 8
É Élém C George-Étienne-Cartier
  • Catholic
  • JK - 6
É Élém C Marius-Barbeau
  • Catholic
  • JK - 8
Holy Cross Elementary School
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
Patrick Walchuk
Phone:
(613) 236-5959
Office:
613-236-5959
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