Coming to Ottawa MLS Monday June 1st
List price is $1,290,000
2481 Chasseur Avenue 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 mainfloor, 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.
Gas furnace January 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 bemade 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.
- Built in 1957
- Lot size - 75 feet by 100 feet
- Taxes - $8410.66 in 2025
- Separate Hydro Meters
- Gas Fireplace
- 6 Parking Spaces
- Fully Fenced
- Carpet Free
- 2 Hot Water Tanks are Owned
INCLUSIONS: 3 Refigerators, 3 Stoves, 2 Hood Fans, 1 Stainless Steel Microwave/Hood Fan, 2 Microwaves, 1 Dishwasher, 2 Mini Freezers, 3 Washer/Dryers.
INTERIOR FURNITURE: includes Beds, Desks, Chairs, Dressers, Mirrors, Sofas, Rugs, Lights, Pictures, Side Tables, Dining Sets, Shelving and Shelving Units, TV's.
OUTDOOR FURNITURE: BBQ, Picnic Table, Table with Chairs and Umbrella and Garden Shed.
DIRECTIONS: East on Heron Road, right on Chasseur Avenue.
Street View around 2481 Chasseur Ave.
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Contact Patrick Walchuk
for More Info or a Viewing
