64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
See all 44 photos
64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Donna Maguire

Donna Maguire

Engel & Völkers

+1(613) 769-7317
$ 2,100,000
Est. payment /mo
Save Virtual Tour
Active

64 DELAWARE AVENUE Ottawa, ON K2P0Z3

6 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000 - 3500

Subdivision 4104 - Ottawa Centre/Golden Triangle

MLS® Listing ID X13869734

Bedrooms 6

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 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:24570)

Location

State ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 3.75 m X 4.06 m Bedroom

Extra Room 2 Second level 4.1 m X 3.68 m Living room

Extra Room 3 Second level 2.88 m X 2.96 m Other

Extra Room 4 Second level 3.72 m X 1.66 m Bathroom

Extra Room 5 Second level 3.1 m X 4.51 m Bedroom

Extra Room 6 Second level 5.19 m X 4.92 m Dining room

Interior

Heating Forced air, Radiant heat,

Flooring Tile, Hardwood, Laminate

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 7

Garage Yes

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

Virtual Tour https://www.64delaware.com/

Powered by: REALTOR.ca
Listed by ROYAL LEPAGE TEAM REALTY

Donna Maguire

Donna Maguire

Broker

+1(613) 769-7317

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Donna Maguire, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.