Investment For Sale In Centretown, Ottawa, Ontario
$2,100,000-
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Property Information:
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:27)
Building Features:
- Style: Multiplex
- Building Type: Other
- Amenities: Canopy
- Basement Development: Finished
- Basement Type: Full
- Exterior Finish: Brick, Stone
- Fire Protection: Alarm system, Smoke Detectors, CO2 Detector
- Floor Space: 3000 - 3500 sqft Square Feet
- Flooring Type: Tile, Hardwood, Laminate
- Foundation Type: Stone
- Heating Type: Forced air, Radiant heat
- Heating Fuel: Other
- Appliances: Water meter
Property Features:
- Property Type: Multi-family
- Features: Lane, Lighting, Carpet Free
- Floor Space (approx): 3000 - 3500 Square Feet
- Irregular: Yes
- Lot Depth: 90 Feet
- Lot Frontage: 44 Feet
- Lot Size: 44 x 90 FT
- Structure Type: Deck, Porch, Shed
- Sewer: Sanitary sewer
- Parking Type: Detached garage, Garage, Tandem
- No. of Parking Spaces: 7
Rooms:
- Bedroom 2nd Level 3.75 m x 4.06 m 12.30 ft x 13.32 ft
- Living 2nd Level 4.10 m x 3.68 m 13.45 ft x 12.07 ft
- Other 2nd Level 2.88 m x 2.96 m 9.45 ft x 9.71 ft
- Bathroom 2nd Level 3.72 m x 1.66 m 12.20 ft x 5.45 ft
- Bedroom 2nd Level 3.10 m x 4.51 m 10.17 ft x 14.80 ft
- Dining 2nd Level 5.19 m x 4.92 m 17.03 ft x 16.14 ft
- Kitchen 2nd Level 1.69 m x 3.20 m 5.54 ft x 10.50 ft
- Dining 3rd Level 4.51 m x 4.22 m 14.80 ft x 13.85 ft
- Kitchen 3rd Level 3.83 m x 1.61 m 12.57 ft x 5.28 ft
- Bedroom 3rd Level 3.84 m x 3.65 m 12.60 ft x 11.98 ft
- Bathroom 3rd Level 1.85 m x 4.39 m 6.07 ft x 14.40 ft
- Living 3rd Level 3.80 m x 5.45 m 12.47 ft x 17.88 ft
- Other 3rd Level 3.19 m x 0.91 m 10.47 ft x 2.99 ft
- Other 3rd Level 2.64 m x 0.80 m 8.66 ft x 2.62 ft
- Other 3rd Level 2.78 m x 2.93 m 9.12 ft x 9.61 ft
- Bathroom Basement Level 2.54 m x 1.53 m 8.33 ft x 5.02 ft
- Dining Basement Level 2.44 m x 4.04 m 8.01 ft x 13.25 ft
- Living Basement Level 4.12 m x 2.44 m 13.52 ft x 8.01 ft
- Kitchen Basement Level 5.18 m x 6.09 m 16.99 ft x 19.98 ft
- Bedroom Basement Level 3.63 m x 4.60 m 11.91 ft x 15.09 ft
- Bedroom Main Level 1.97 m x 4.46 m 6.46 ft x 14.63 ft
- Living Main Level 5.64 m x 5.82 m 18.50 ft x 19.09 ft
- Bathroom Main Level 2.96 m x 1.68 m 9.71 ft x 5.51 ft
- Kitchen Main Level 3.07 m x 3.65 m 10.07 ft x 11.98 ft
- Bathroom Main Level 1.56 m x 3.10 m 5.12 ft x 10.17 ft
- Living Main Level 4.71 m x 4.38 m 15.45 ft x 14.37 ft
- Kitchen Main Level 3.22 m x 2.95 m 10.56 ft x 9.68 ft
- Dining Main Level 2.95 m x 2.45 m 9.68 ft x 8.04 ft
- Bedroom Main Level 3.18 m x 3.11 m 10.43 ft x 10.20 ft











































