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.
Address
64 Delaware Avenue
List Price
$2,100,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Ottawa Centre
Sub-Area
4104 - Ottawa Centre/Golden Triangle
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
90
Lot Type
Building
Lot Size Units
Feet
Lot Width
44
Parcel Number
041240215
Total Building Area
3453
Occupant Type
Vacant
Cross Street
Cartier Street
Approx. Age
100+ Years
MLS® Number
X13869724
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement
Yes
Postal Code
K2P 0Z3
Posession Details
TBD
Parking Spaces
7
Tax Amount
$15,891.15
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Radiant
Cooling Features
Yes
Garage Type
Covered
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.
Security Features
No
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