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    For Sale - 64 Delaware Avenue, Ottawa Centre, Ontario

    Est payment $10,084/mo
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    Time on Jump  11 day

    AI Summary *

    • Fully furnished, restored 5-plex in a prime Ottawa location.
    • Projected 5.37% cap rate with strong income potential.
    • Close to Rideau Canal and various shops and restaurants.
    • Opportunity to set new tenancies at market-supported rents.
    • Preserved architectural character with extensive updates throughout.




    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.
    Listing IDX13869734
    Address64 Delaware Avenue
    CityOttawa Centre, Ontario
    Price$2,100,000
    Bed / Bath6 / 5 Full
    Style3-Storey, Multiplex
    ConstructionBrick, Stone
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Carpet FreeOutdoor Features Canopy, Deck, Lighting, PorchOwnership FreeholdBasement Finished, FullFoundation StoneHeating / Cooling Forced AirHeating Fuel OtherSewer Sewer

    Parking 7.00
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    Listing Brokerage: ROYAL LEPAGE TEAM REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    64 Delaware Avenue
    Ottawa Centre , Ontario
    6 5 $2,100,000
    Get more info