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    For Sale - 64 Delaware Avenue, Ottawa Centre, Ontario

    Est payment $10,084/mo
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    Views   1
    Time on Jump  10 day

    AI Summary *

    • Fully furnished, restored 5-plex in the desirable Golden Triangle area.
    • Projected annual income of $143,100 with a solid cap rate.
    • Opportunity to create new tenancies at market-supported rents.
    • Extensive updates with preserved architectural character throughout.
    • Central location near the Rideau Canal, shops, and restaurants.




    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 IDX13869724
    Address64 Delaware Avenue
    CityOttawa Centre, Ontario
    Price$2,100,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Radiant

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    Listing Brokerage: ROYAL LEPAGE TEAM REALTY

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    64 Delaware Avenue
    Ottawa Centre , Ontario
    $2,100,000
    Get more info