We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
2481 CHASSEUR AVENUE, Ottawa
2026-06-02
Quick Summary
MLS®#X13220300
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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit
Building
- 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: Yes
- Interior Size: 1500 - 2000 sqft
- Building Type: Triplex
- Stories: 1.5
- Utility Water: Municipal water
Features
- Feature: Flat site, Carpet Free
Land
- Land Size: 75 x 100 FT
- Sewer: Sanitary sewer
Structure
- Structure: Shed
Information entered by RE/MAX HALLMARK REALTY GROUP
Listing information last updated on: 2026-06-01 20:56:05
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Sheila Forward-Davis REALTOR®
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Full ProfileJay Terris Salesperson
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Full ProfileSergiu Buhatel Broker
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Sergiu has been a licensed Realtor® since 2012 and earned his Broker designation in 2015. He h ...
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