$2,100,000
 $11,273 est/mo Sourced by Back At You

64 Delaware Avenue,Ottawa, ON K2P0Z3

Ottawa, ON K2P0Z3

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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:13843)

Details

MLS #X13869734
Listing TypeFor Sale
StatusActive
Days On Site13
Listing Provided ByROYAL LEPAGE TEAM REALTY | Adam Mills

Features

Bed(s)6
Bath(s) 5 Total
SQ Feet3,000
Garage7
BasementY
Story(s)3

Interior

HeatingRadiant heat, Forced air, Other
AppliancesWater meter, Furniture
Fireplace Yes / NoNo

Exterior

Security FeaturesAlarm system, Smoke Detectors, Monitored Alarm
Lot FeaturesLane, Lighting, Carpet Free
Foundation DetailsStone

Parking

Parking FeaturesDetached Garage, Garage, Tandem
Parking Total7

Utilities

SewerSanitary sewer
Water SourceMunicipal water

Taxes

Tax Annual Amount15891.15
Tax Year2025

Area Information

ProvinceON
CityOttawa
Postal CodeK2P0Z3
Listing VS Median (in K2P0Z3)
Price:
$2,100,000
low | high
Med:
$2,100,000
50% of Average
sqft:
3,000
low | high
Med:
3,227
42.45% of Average
$ / sqft:
$700
low | high
Med:
$654
56.559513466551% of Average
On site:
13
low | high
Med:
13
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Paul Liberatore

Paul Liberatore

Sutton Centre Realty

Sales Representative, (604) 788-0463paull@sutton.com
ProvinceON
CityOttawa
Postal CodeK2P0Z3
Listing VS Median (in K2P0Z3)
Price:
$2,100,000
low | high
Med:
$2,100,000
50% of Average
sqft:
3,000
low | high
Med:
3,227
42.45% of Average
$ / sqft:
$700
low | high
Med:
$654
56.559513466551% of Average
On site:
13
low | high
Med:
13
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.575M - $2.625M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
64 DELAWARE AVENUE Property Photo 1
$2,100,000
64 Delaware Avenue
Ottawa, ON K2P0Z3
Listing Updated: October 16, 2026 at 3:28:18 PM PDT

Paul Liberatore - Sutton