64 Delaware Avenue Ottawa, Ontario K2P 0Z3

6 Bedroom 5 Bathroom 3,000 - 3,500 ft2
Forced Air, Radiant Heat

$2,100,000

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. (id:53622)

Property Details

MLS® Number X13869734
Property Type Multi-family
Community Name 4104 - Ottawa Centre/Golden Triangle
Features Lane, Lighting, Carpet Free
Parking Space Total 7
Structure Deck, Porch, Shed

Building

Bathroom Total 5
Bedrooms Above Ground 5
Bedrooms Below Ground 1
Bedrooms Total 6
Amenities Canopy
Appliances Water Meter, Furniture
Basement Development Finished
Basement Type Full (finished)
Exterior Finish Brick, Stone
Fire Protection Alarm System, Smoke Detectors, Monitored Alarm
Flooring Type Tile, Hardwood, Laminate
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air, Radiant Heat
Stories Total 3
Size Interior 3,000 - 3,500 Ft2
Type Other
Utility Water Municipal Water

Parking

Detached Garage
Garage
Tandem

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 90 Ft
Size Frontage 44 Ft
Size Irregular 44 X 90 Ft
Size Total Text 44 X 90 Ft

Rooms

Level Type Dimensions
Second Level Bedroom 3.75 m x 4.06 m
Second Level Living Room 4.1 m x 3.68 m
Second Level Other 2.88 m x 2.96 m
Second Level Bathroom 3.72 m x 1.66 m
Second Level Bedroom 3.1 m x 4.51 m
Second Level Dining Room 5.19 m x 4.92 m
Second Level Kitchen 1.69 m x 3.2 m
Third Level Dining Room 4.51 m x 4.22 m
Third Level Kitchen 3.83 m x 1.61 m
Third Level Bedroom 3.84 m x 3.65 m
Third Level Bathroom 1.85 m x 4.39 m
Third Level Living Room 3.8 m x 5.45 m
Third Level Other 3.19 m x 0.91 m
Third Level Other 2.64 m x 0.8 m
Third Level Other 2.78 m x 2.93 m
Basement Bathroom 2.54 m x 1.53 m
Basement Dining Room 2.44 m x 4.04 m
Basement Living Room 4.12 m x 2.44 m
Basement Kitchen 5.18 m x 6.09 m
Basement Bedroom 3.63 m x 4.6 m
Main Level Bedroom 1.97 m x 4.46 m
Main Level Living Room 5.64 m x 5.82 m
Main Level Bathroom 2.96 m x 1.68 m
Main Level Kitchen 3.07 m x 3.65 m
Main Level Bathroom 1.56 m x 3.1 m
Main Level Living Room 4.71 m x 4.38 m
Main Level Kitchen 3.22 m x 2.95 m
Main Level Dining Room 2.95 m x 2.45 m
Main Level Bedroom 3.18 m x 3.11 m

https://www.realtor.ca/real-estate/30373163/64-delaware-avenue-ottawa-4104-ottawa-centregolden-triangle