64 DELAWARE AVENUE, Ottawa, Ontario K2P 0Z3
$2,100,000.00
- 6 bedrooms
- 5 bathrooms
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. ... read more
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:25417)
- Listing ID: X13869734
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 44 by 90 FT |
| Parking: | Detached Garage 7 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Other |
| Appliances: | Furniture and Water Meter |
| HVAC: | Fireplace, Forced Air and Radiant Heat Natural Gas |
| Exterior: | Brick and Stone |
| Basement: | Full (Finished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Ottawa |
| Province: | Ontario |
| Rooms | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 3.75 m x 4.06 m |
| Living room | Second level | 4.1 m x 3.68 m |
| Other | Second level | 2.88 m x 2.96 m |
| Bathroom | Second level | 3.72 m x 1.66 m |
| Bedroom | Second level | 3.1 m x 4.51 m |
| Dining room | Second level | 5.19 m x 4.92 m |
| Kitchen | Second level | 1.69 m x 3.2 m |
| Dining room | Third level | 4.51 m x 4.22 m |
| Kitchen | Third level | 3.83 m x 1.61 m |
| Bedroom | Third level | 3.84 m x 3.65 m |
| Bathroom | Third level | 1.85 m x 4.39 m |
| Living room | Third level | 3.8 m x 5.45 m |
| Other | Third level | 3.19 m x 0.91 m |
| Other | Third level | 2.64 m x 0.8 m |
| Other | Third level | 2.78 m x 2.93 m |
| Bathroom | Basement | 2.54 m x 1.53 m |
| Dining room | Basement | 2.44 m x 4.04 m |
| Living room | Basement | 4.12 m x 2.44 m |
| Kitchen | Basement | 5.18 m x 6.09 m |
| Bedroom | Basement | 3.63 m x 4.6 m |
| Bedroom | Main level | 1.97 m x 4.46 m |
| Living room | Main level | 5.64 m x 5.82 m |
| Bathroom | Main level | 2.96 m x 1.68 m |
| Kitchen | Main level | 3.07 m x 3.65 m |
| Bathroom | Main level | 1.56 m x 3.1 m |
| Living room | Main level | 4.71 m x 4.38 m |
| Kitchen | Main level | 3.22 m x 2.95 m |
| Dining room | Main level | 2.95 m x 2.45 m |
| Bedroom | Main level | 3.18 m x 3.11 m |
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