For Sale: 147 Deschamps Avenue, Ottawa, ON - REW
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$3,999,000
0 bd • ba • 6108 sf • Multifamily
147 Deschamps Avenue
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$3,999,000
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147 Deschamps AvenueOttawa, ON, K1L 5Z5

Vanier North
  • 0 Bed
  • Bath
  • 6108 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Matt Assaf, Salesperson, ENGEL & VOLKERS OTTAWA

Home facts and features

Price details
List Price
$3,999,000
Get Pre-Approved
Gross Taxes for 2025
$16,064
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
88.5 feet
Frontage
49.6 feet
Heating Type
Forced air, Natural gas
Cooling
Partially air conditioned
Appliances
Dishwasher, Dryer, Hood Fan, Microwave, Washer
Community
Agent details
Primary Agent
Matt Assaf
Primary Broker
ENGEL & VOLKERS OTTAWA
Listing details
Days on REW
1 Day
MLS® Number
X14157902
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

Répit-Transit
  • Public
  • JK - 12
ÉEP Le Trillium
  • Public
  • JK - 6
ÉEP Trille des Bois
  • Public
  • JK - 8
Assumption Catholic Elementary School
  • Catholic
  • JK - 6
É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
É Élém C Sainte-Anne
  • Catholic
  • JK - 8
Robert E. Wilson Public School
  • Public
  • JK - 6
St Brigid Elementary School
  • Catholic
  • JK - 6
ÉSP De La Salle
  • Public
  • 9 - 12
ÉEP De la Salle
  • Public
  • 7 - 8
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Call Agent
Salesperson
Matt Assaf
Phone:
(613) 878-4831
Cell:
+1 613-878-4831
Office:
613-422-8688
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