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147 Deschamps AVE Vanier And Kingsview Park, ON K1L 5Z5
6,108 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,108 sqft
Price per Sqft $654
Subdivision 3402 - Vanier
MLS Listing ID X14157902
Annual Tax Amount $16,063
Tax Year 2026
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Ottawa
Area Ottawa
Zoning R4E
Interior
Cooling Partial
Inclusions 6 x stoves, 6 x refrigerators, 6 x Microwave/Hoodfans, 6 x Dishwashers, 6 x washers, 6 x dryers
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Building
Lited by ENGEL & VOLKERS OTTAWA