64 Delaware Avenue,Ottawa Centre, ON K2P 0Z3
Ottawa Centre, ON K2P 0Z3
Description
PROJECTED 5.37% CAP RATE AT $2,100,000. 64 Delaware Avenue: fully furnished, restored 5-plex in Ottawa's sought-after Golden Triangle. Projected annual gross income of $143,100 and NOI of $112,807, based on the following pro forma: 1 x 2-bedroom suite at $2,700/month, 4 x 1-bedroom suites at $2,150/month, plus $7,500/year from 5 parking spaces. Apartment rents total $11,300/month or $135,600/year. Deducting 3% vacancy/collection loss ($4,293), property taxes ($16,000), insurance ($5,000) and general maintenance ($5,000) yields the projected NOI above. Currently vacant, offering the opportunity to establish new tenancies at market-supported rents. Extensive updates, furnished suites and preserved architectural character complement this central location near the Rideau Canal, Elgin Street, shops and restaurants. Income figures are projections, not an existing rent roll. Cap rate is before financing; additional owner-paid utilities, management and replacement reserves are excluded. Buyers to verify achievable rents and complete operating costs.
Details
| MLS # | X13869734 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 24 |
| Listing Provided By | ROYAL LEPAGE TEAM REALTY | X13869734 506803 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.09 |
Interior
| Interior Features | Carpet Free |
|---|---|
| Lease To Own Equipment | None |
| Cooling | Other |
| Heat Source | Other |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Canopy, Deck, Lighting, Porch |
|---|---|
| Roof | Metal |
| Foundation Details | Stone |
| Construction Materials | Brick, Stone |
| Security Features | Alarm System, Carbon Monoxide Detectors, Smoke Detector, Monitored |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Lane, Tandem, Front Yard Parking |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 15891.15 |
|---|---|
| Tax Legal Description | PCL 53-2, SEC 4M-3; LOT 53 AND THE WLY 4FT FROM FRONT TO REAR OF LOT 54 ON THE SOUTH SIDE OF DELAWARE AVENUE, PL 4M-3; OTTAWA/NEPEAN. |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Ottawa Centre |
| Postal Code | K2P 0Z3 |
| Area | 4104 Ottawa Centre | Golden Triangle |
| Listing VS Median (in K2P 0Z3) | |
Price: $2,100,000 low | high Med: $2,100,000 On site: 24 low | high Med: 24 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Ottawa Centre |
| Postal Code | K2P 0Z3 |
| Area | 4104 Ottawa Centre | Golden Triangle |
| Listing VS Median (in K2P 0Z3) | |
Price: $2,100,000 low | high Med: $2,100,000 On site: 24 low | high Med: 24 | |
