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:67947)
| MLS® Number | X13869734 |
| Property Type | Multi-family |
| Neigbourhood | Golden Triangle |
| Community Name | 4104 - Ottawa Centre/Golden Triangle |
| Features | Lane, Lighting, Carpet Free |
| Parking Space Total | 7 |
| Structure | Deck, Porch, Shed |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Amenities | Canopy |
| Appliances | Water Meter, Furniture |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Exterior Finish | Brick, Stone |
| Fire Protection | Alarm System, Smoke Detectors, Monitored Alarm |
| Flooring Type | Tile, Hardwood, Laminate |
| Foundation Type | Stone |
| Heating Fuel | Other |
| Heating Type | Forced Air, Radiant Heat |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
| Detached Garage | |
| Garage | |
| Tandem |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 90 Ft |
| Size Frontage | 44 Ft |
| Size Irregular | 44 X 90 Ft |
| Size Total Text | 44 X 90 Ft |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.75 m | 4.06 m | 3.75 m x 4.06 m |
| Second Level | Living Room | 4.1 m | 3.68 m | 4.1 m x 3.68 m |
| Second Level | Other | 2.88 m | 2.96 m | 2.88 m x 2.96 m |
| Second Level | Bathroom | 3.72 m | 1.66 m | 3.72 m x 1.66 m |
| Second Level | Bedroom | 3.1 m | 4.51 m | 3.1 m x 4.51 m |
| Second Level | Dining Room | 5.19 m | 4.92 m | 5.19 m x 4.92 m |
| Second Level | Kitchen | 1.69 m | 3.2 m | 1.69 m x 3.2 m |
| Third Level | Dining Room | 4.51 m | 4.22 m | 4.51 m x 4.22 m |
| Third Level | Kitchen | 3.83 m | 1.61 m | 3.83 m x 1.61 m |
| Third Level | Bedroom | 3.84 m | 3.65 m | 3.84 m x 3.65 m |
| Third Level | Bathroom | 1.85 m | 4.39 m | 1.85 m x 4.39 m |
| Third Level | Living Room | 3.8 m | 5.45 m | 3.8 m x 5.45 m |
| Third Level | Other | 3.19 m | 0.91 m | 3.19 m x 0.91 m |
| Third Level | Other | 2.64 m | 0.8 m | 2.64 m x 0.8 m |
| Third Level | Other | 2.78 m | 2.93 m | 2.78 m x 2.93 m |
| Basement | Bathroom | 2.54 m | 1.53 m | 2.54 m x 1.53 m |
| Basement | Dining Room | 2.44 m | 4.04 m | 2.44 m x 4.04 m |
| Basement | Living Room | 4.12 m | 2.44 m | 4.12 m x 2.44 m |
| Basement | Kitchen | 5.18 m | 6.09 m | 5.18 m x 6.09 m |
| Basement | Bedroom | 3.63 m | 4.6 m | 3.63 m x 4.6 m |
| Main Level | Bedroom | 1.97 m | 4.46 m | 1.97 m x 4.46 m |
| Main Level | Living Room | 5.64 m | 5.82 m | 5.64 m x 5.82 m |
| Main Level | Bathroom | 2.96 m | 1.68 m | 2.96 m x 1.68 m |
| Main Level | Kitchen | 3.07 m | 3.65 m | 3.07 m x 3.65 m |
| Main Level | Bathroom | 1.56 m | 3.1 m | 1.56 m x 3.1 m |
| Main Level | Living Room | 4.71 m | 4.38 m | 4.71 m x 4.38 m |
| Main Level | Kitchen | 3.22 m | 2.95 m | 3.22 m x 2.95 m |
| Main Level | Dining Room | 2.95 m | 2.45 m | 2.95 m x 2.45 m |
| Main Level | Bedroom | 3.18 m | 3.11 m | 3.18 m x 3.11 m |
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