64 DELAWARE AVENUE
Ottawa, Ontario
MLS® X13869734
$2,100,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13869734
- Bedrooms
- 6
- Bathrooms
- 5
- Year built
- —
Listing 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.
Property summary
- MLS® number
- X13869734
- Property type
- Multi-family
- Building type
- Other
- Land size
- 44 x 90 FT
- Annual property taxes
- $15,891.15
- Parking
- 7 spaces · Detached Garage, Garage, Tandem
- Days on market
- 3 days
Features & details
- Heating
- Radiant heat, Forced air, Natural gas
- Basement
- Finished, Full
- Flooring
- Tile, Hardwood, Laminate
- Appliances
- Water meter, Furniture
- Exterior features
- Brick, Stone
- Lot features
- Lane, Lighting, Carpet Free
What would this home cost you?
Based on the $2,100,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE TEAM REALTY, MANOTICK.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.