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.
Address
64 Delaware Avenue
List Price
$2,100,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Ottawa Centre
Sub-Area
4104 - Ottawa Centre/Golden Triangle
Region
Ottawa
Bedrooms
5 + 1
Bedrooms (Total)
6
Rooms Above Grade
15
Rooms Below Grade
4
Bathrooms
5
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
90
Lot Size Units
Feet
Lot Width
44
Parcel Number
041240215
Parcel of Tied Land
No
Occupant Type
Vacant
Cross Street
Cartier Street
MLS® Number
X13869734
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Finished, Full
Postal Code
K2P 0Z3
Posession Details
Flexible
Parking
Lane, Tandem, Front Yard Parking
Parking Places (Total)
7
Parking Spaces
5
Tax Amount
$15,891.15
Tax Year
2025
Site Influences
Canopy, Deck, Lighting, Porch
Exterior Features
Canopy, Deck, Lighting, Porch
Interior Features
Carpet Free
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Other
Heat Type
Forced Air
Cooling Features
Other
Construction Materials
Brick, Stone
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
5
Kitchens Above Grade
4
Kitchens Below Grade
1
Other Structures
Additional Garage(s), Shed
Pool Features
None
Roof
Metal
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
Alarm System, Carbon Monoxide Detectors, Smoke Detector, Monitored
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Basement | Bathroom | 2.54 x 1.53 Meters | 4 Pc Bath, Tile Floor |
| Basement | Dining Room | 2.44 x 4.04 Meters | Laminate |
| Basement | Living Room | 4.12 x 2.44 Meters | Laminate |
| Basement | Kitchen | 5.18 x 6.09 Meters | Laminate, Tile Floor |
| Basement | Bedroom | 3.63 x 4.6 Meters | Closet, Laminate |
| Main | Bathroom | 1.56 x 3.1 Meters | 4 Pc Bath |
| Main | Living Room | 4.71 x 4.38 Meters | Closet, Hardwood Floor |
| Main | Kitchen | 3.22 x 2.95 Meters | Eat-in Kitchen, Hardwood Floor |
| Main | Dining Room | 2.95 x 2.45 Meters | Hardwood Floor, W/O To Patio |
| Main | Bedroom | 3.18 x 3.11 Meters | Hardwood Floor |
| Main | Bedroom | 1.97 x 4.46 Meters | Closet, Hardwood Floor |
| Main | Living Room | 5.64 x 5.82 Meters | Combined w/Dining, Crown Moulding, Hardwood Floor |
| Main | Bathroom | 2.96 x 1.68 Meters | 4 Pc Bath |
| Main | Kitchen | 3.07 x 3.65 Meters | Tile Floor |
| Second | Bedroom | 3.75 x 4.06 Meters | Closet, Hardwood Floor |
| Second | Living Room | 4.1 x 3.68 Meters | Hardwood Floor, W/O To Balcony |
| Second | Other | 2.88 x 2.96 Meters | Balcony |
| Second | Bathroom | 3.72 x 1.66 Meters | 4 Pc Bath, Linen Closet, Tile Floor |
| Second | Bedroom | 3.1 x 4.51 Meters | Closet, Hardwood Floor |
| Second | Dining Room | 5.19 x 4.92 Meters | Hardwood Floor |
| Second | Kitchen | 1.69 x 3.2 Meters | Tile Floor |
| Third | Dining Room | 4.51 x 4.22 Meters | Hardwood Floor |
| Third | Kitchen | 3.83 x 1.61 Meters | Tile Floor |
| Third | Bedroom | 3.84 x 3.65 Meters | Closet, Hardwood Floor |
| Third | Bathroom | 1.85 x 4.39 Meters | 4 Pc Bath, Hardwood Floor, Tile Floor |
| Third | Living Room | 3.8 x 5.45 Meters | Closet, Hardwood Floor, W/O To Balcony |
| Third | Other | 3.19 x 0.91 Meters | Closet, Hardwood Floor |
| Third | Other | 2.64 x 0.8 Meters | Closet, Hardwood Floor |
| Third | Other | 2.78 x 2.93 Meters | Balcony |
