$ 2,100,000
-
$2,100,000
Price -
0.09
Acre
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About the Listing 506803 -
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 two-bedroom suite at $2,700/month, 4 x one-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.
Listing Highlights for 64 Delaware Ave
Interior Details
- Appliances:
- Air Cond: Yes
- Heating: Radiant
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Covered,No Garage
Financial Details
- Tax Amount: $15,891
- Taxes w/Assessments: N/A
- Tax/Property ID: 041240215
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
64 Delaware Ave Ottawa Centre, ON K2P 0Z3
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