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$1,290,000

Est. payment - /mo

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10 Beds

3 Baths

Active Under Contract

2481 Chasseur AVE Billings Bridge - Riverside Park And Area, ON K1V 8E7

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Kenneth Yim

ken@broadviewavenue.ca +1(416) 906-0080

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 4602 - Heron Park

MLS Listing ID X13220300

Style 1 1/2 Storey

Bedrooms 10

Annual Tax Amount $8,410

Tax Year 2025

Property Sub-Type Triplex

Lot Depth 100.0

Lot Front 75.0

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Full, Finished

Kitchen 3

Separate Den/Office 4

Interior

Interior Features Accessory Apartment, Carpet Free, Separate Hydro Meter, Water Heater Owned

Cooling Central Air

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Landscaped

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Topography Flat

Lot Frontage 75.0

Lot Depth 100.0

Total Parking Spaces 6

Building

Building Age 51-99

Unit Features Fenced Yard,Public Transit

Foundation Block

Others

ParcelsYN No

Virtual Tour https://www.londonhousephoto.ca/2481-avenue-du-chasseur-ottawa/?ub=true

Listed by RE/MAX HALLMARK REALTY GROUP

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Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 906-0080

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