147 DESCHAMPS AVENUE, Ottawa
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:25961)
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Details
- Transaction: For sale
- Zoning Description: R4E
Building
- Appliances: Dishwasher, Dryer, Hood Fan, Microwave, Washer
- Cooling: Partially air conditioned
- Fireplace Present: False
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Exterior: 6108 sqft
- Size Interior: 6108 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Size Depth: 88 ft ,6 in
- Size Frontage: 49 ft ,6 in
- Size Irregular: Bldg=49.5 x 88.5 FT
This property for sale is located at 147 DESCHAMPS AVENUE in Ottawa. It was last modified on November 6th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa real estate for sale.
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