Mirna Botros
613-600-2626147 Deschamps Avenue - $3,999,000
147 Deschamps Avenue - $3,999,000
147 Deschamps Avenue
$3,999,000
3402 - Vanier
Ottawa, OntarioK1L5Z5
0 beds
0 baths
null parking
6,108 sq ft
MLS#: X14157902Listed: about 8 hours agoUpdated:about 7 hours ago
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. (id:58075)Details
Details for 147 Deschamps Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Multi Family
- Square Footage
- 6,108 sq ft
- Storeys
- -
- Neighborhood
- 3402 - Vanier
- Land Size
- Bldg=49.5 x 88.5 FT
- Year Built
- -
- Annual Property Taxes
- $16,064
- Parking Type
- -
Inside
- Appliances
- Washer, Dishwasher, Dryer, Microwave, Hood Fan
- Rooms
- -
- Bedrooms
- 0
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: From Deschamps Ave & Desrosiers St. ** Directions: From Vanier Pkwy, turn onto Deschamps Ave.
- Type of Dwelling
- multi_family
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- Bldg=49.5 x 88.5 FT
- Zoning
- -
- Zoning Description
- R4E
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- Partially air conditioned
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 147 Deschamps Avenue, Ottawa, OntarioMap
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