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$ 2,100,000
Est. payment /mo
New
64 Delaware AVE Ottawa Centre, ON K2P 0Z3
3,453 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,453 sqft
Price per Sqft $608
Subdivision 4104 - Ottawa Centre/Golden Triangle
MLS Listing ID X13869724
Annual Tax Amount $15,891
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 44.0
Lot Depth 90.0
Building
Building Age 100+
Others
Security Features No
ParcelsYN No
Virtual Tour https://www.myvisuallistings.com/vtnb/364310
Listed by ROYAL LEPAGE TEAM REALTY
NEARBY SCHOOLS & PROPERTIES
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