64 DELAWARE AVENUE, Ottawa
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. (id:25961)
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Details
- Farm: Other
- Parking Spaces: 7
- Transaction: For sale
- Zoning Description: R4V
Building
- Appliances: Furniture
- Cooling: None
- Fireplace Present: False
- Heating: Radiant heat, Radiator
- Size Exterior: 3453 sqft
- Size Interior: 3453 sqft
- Utility Water: Municipal water
Land
- Size Depth: 90 ft
- Size Frontage: 44 ft
- Size Irregular: Bldg=44 x 90 FT
This property for sale is located at 64 DELAWARE AVENUE in Ottawa. It was last modified on October 8th 2026. Let us connect you with the listing agent to schedule a viewing or to discover other Ottawa properties for sale.
Listing provided by ROYAL LEPAGE TEAM REALTY
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