$2,100,000
Available - For Sale
Listing ID: X13869734
64 Delaware Avenue , Ottawa Centre, K2P 0Z3, Ottawa
| 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. |
| Price | $2,100,000 |
| Taxes: | $15891.15 |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 64 Delaware Avenue , Ottawa Centre, K2P 0Z3, Ottawa |
| Directions/Cross Streets: | Cartier Street |
| Rooms: | 15 |
| Rooms +: | 4 |
| Bedrooms: | 5 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Finished, Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Basement | Bathroom | 8.33 | 5.02 | Tile Floor, 4 Pc Bath |
| Room 2 | Basement | Dining Ro | 8 | 13.25 | Laminate |
| Room 3 | Basement | Living Ro | 13.51 | 8 | Laminate |
| Room 4 | Basement | Kitchen | 16.99 | 19.98 | Tile Floor, Laminate |
| Room 5 | Basement | Bedroom | 11.91 | 15.09 | Laminate, Closet |
| Room 6 | Main | Bathroom | 5.12 | 10.17 | 4 Pc Bath |
| Room 7 | Main | Living Ro | 15.45 | 14.37 | Hardwood Floor, Closet |
| Room 8 | Main | Kitchen | 10.56 | 9.68 | Eat-in Kitchen, Hardwood Floor |
| Room 9 | Main | Dining Ro | 9.68 | 8.04 | Hardwood Floor, W/O To Patio |
| Room 10 | Main | Bedroom | 10.43 | 10.2 | Hardwood Floor |
| Room 11 | Main | Bedroom | 6.46 | 14.63 | Closet, Hardwood Floor |
| Room 12 | Main | Living Ro | 18.5 | 19.09 | Hardwood Floor, Crown Moulding, Combined w/Dining |
| Room 13 | Main | Bathroom | 9.71 | 5.51 | 4 Pc Bath |
| Room 14 | Main | Kitchen | 10.07 | 11.97 | Tile Floor |
| Room 15 | Second | Bedroom | 12.3 | 13.32 | Hardwood Floor, Closet |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Basement |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 4 | Third |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Basement |
| Washroom Type 7 | 4 | Main |
| Washroom Type 8 | 4 | Second |
| Washroom Type 9 | 4 | Third |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 3-Storey |
| Exterior: | Brick, Stone |
| Garage Type: | Detached |
| (Parking/)Drive: | Lane, Tand |
| Drive Parking Spaces: | 5 |
| Park #1 | |
| Parking Type: | Lane, Tand |
| Park #2 | |
| Parking Type: | Lane |
| Park #3 | |
| Parking Type: | Tandem |
| Pool: | None |
| Other Structures: | Additional Gar |
| Approximatly Square Footage: | 3000-3500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Other |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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| ROYAL LEPAGE TEAM REALTY |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4104 - Ottawa Centre/Golden Triangle |
| Style: | 3-Storey |
| Tax: | $15,891.15 |
| Beds: | 5+1 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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