64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
64 DELAWARE AVENUE, Ottawa, ON K2P0Z3
44
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$2,100,000
Est. payment /mo
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6 Beds
5 Baths
Active

64 DELAWARE AVENUE Ottawa, ON K2P0Z3

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Peter Twolan

Peter Twolan

+1(613) 668-8422

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000 - 3500

Subdivision 4104 - Ottawa Centre/Golden Triangle

MLS® Listing ID X13869734

Bedrooms 6

Property 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:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 3.75 m X 4.06 m Bedroom

Extra Room 2 Second level 4.1 m X 3.68 m Living room

Extra Room 3 Second level 2.88 m X 2.96 m Other

Extra Room 4 Second level 3.72 m X 1.66 m Bathroom

Extra Room 5 Second level 3.1 m X 4.51 m Bedroom

Extra Room 6 Second level 5.19 m X 4.92 m Dining room

Interior

Heating Forced air, Radiant heat,

Flooring Tile, Hardwood, Laminate

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 7

Garage Yes

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

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Peter Twolan
Peter Twolan

Broker

+1(613) 668-8422 | peter@petertwolan.ca

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64 DELAWARE AVENUE