$1,290,000
2481 Chasseur Avenue, Billings Bridge - Riverside Park and Area, ON K1V 8E7
10 Beds
3 Baths
6 Parking
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.

Property Summary

Property Type Residential Freehold
Property Sub Type Triplex
Transaction Type For Sale
Style 1 1/2 Storey
Approximate Age 51-99
Bedrooms Above Grade 6
Bedrooms Below Grade 4
Bathrooms 3
Basement Full, Finished
Exposure East

Building

Building Type Triplex
Square Footage 1500-2000
Exterior Brick, Vinyl Siding
Foundation Block
Roof Asphalt Shingle
Heating Forced Air
Heat Source Gas
Cooling Central Air
Fireplace Yes

Measurements

Lot Size 75 x 100
Lot Size Units Feet
Frontage 75
Depth 100
Total Living Area 1500-2000

Land

Address 2481 Chasseur Avenue, Billings Bridge - Riverside Park and Area, ON K1V 8E7
City Billings Bridge - Riverside Park and Area
Community 4602 - Heron Park
County / Area Ottawa
Cross Street Heron Road & Chasseur Ave.
Sewer Sewer
Pool None
Parcel Number 040690444

Parking and Garage

Total Parking 6
Garage Spaces 2
Garage Type Detached

Taxes and Listing Info

List Price $1,290,000
Annual Taxes $8,411
Tax Year 2025
Status Active
Listing Date 2026-06-01T12:55:32Z
MLS Number X13220300
Local Market Insight

What Buyers Should Know About 2481 Chasseur Avenue, Billings Bridge - Riverside Park and Area, ON K1V 8E7

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

2481 Chasseur Avenue, Billings Bridge - Riverside Park and Area, ON K1V 8E7 is positioned in 4602 - Heron Park, a part of Billings Bridge - Riverside Park and Area where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 1 1/2 Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Triplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Heron Road & Chasseur Ave., public transit options, parking availability, and drive times to employment areas. A property with 6 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $1,290,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 10 bedrooms, 3 bathrooms, basement details marked as Full, Finished, and a lot size of 75 x 100, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Billings Bridge - Riverside Park and Area, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around 4602 - Heron Park. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 2481 Chasseur Avenue, Billings Bridge - Riverside Park and Area, ON K1V 8E7, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.