147 Deschamps Avenue Ottawa, Ontario K1L 5Z5
$3,999,000
An exceptional opportunity to acquire a fully redeveloped, turnkey 10-unit apartment building just minutes from downtown Ottawa. Extensively reconstructed from the studs and reconfigured into 10 modern residential units, this property offers investors a high-quality, income-producing asset with significant capital improvements already completed. The building features six spacious 3-bedroom apartments, three 1-bedroom units and one studio, providing a desirable rental mix with strong income potential. Each unit features modern kitchens, stainless steel appliances, updated bathrooms, quality finishes, and convenient in-suite laundry, with the spacious 3-bedroom suites further enhanced by quartz countertops and full-slab quartz backsplashes. Beyond the interiors, the extensive redevelopment includes all new electrical, plumbing & heating systems, upgraded insulation, modernized common areas and enhanced fire safety systems. A significant advantage is the separately metered hydro, gas and water for each unit, allowing tenants to pay their own utilities & helping minimize operating expenses. With major building systems replaced & high-quality finishes throughout, this property offers investors a low-maintenance asset with reduced near-term capital expenditure requirements. Four units offer affordable housing potential, which can support eligibility for CMHC MLI Select financing, subject to program requirements & approval. Additional revenue opportunities may exist through exterior storage lockers. Conveniently located near Beechwood Avenue, downtown Ottawa, uOttawa, Montfort Hospital, government employment hubs, shopping & public transit, the location offers broad tenant appeal. With attractive projected rental income, operating efficiencies and long-term appreciation potential, this is an ideal addition to an established investment portfolio. Detailed financial projections, operating expenses and cap rate analysis are available upon request. (id:19512)
Property Details
| MLS® Number | X14157902 |
| Property Type | Multi-family |
| Community Name | 3402 - Vanier |
Building
| Appliances | Dishwasher, Dryer, Hood Fan, Microwave, Washer |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 6108 Sqft |
| Size Interior | 6108 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 88 Ft ,6 In |
| Size Frontage | 49 Ft ,6 In |
| Size Irregular | Bldg=49.5 X 88.5 Ft |
| Size Total Text | Bldg=49.5 X 88.5 Ft |
| Zoning Description | R4e |
https://www.realtor.ca/real-estate/30488646/147-deschamps-avenue-ottawa-3402-vanier
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292 Somerset Street West
Ottawa, Ontario K2P 0J6
(613) 422-8688
(613) 422-6200
ottawacentral.evrealestate.com/
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November 06 2026 07:32:47
Ottawa Real Estate Board
Engel & Volkers Ottawa