Space
Finished area and layout
- Living Area
- 3,453 sqft
- Building Area
- 3,453 sqft
- Bedrooms
- 6
- Bathrooms
- 5





Property Snapshot
MLS #X13869724
Finished area and layout
Type, style and structure
This 6-bedroom, 5-bathroom multiplex in Ottawa Centre offers 3,453 sqft of living area on a 44 x 90 FT lot. 3 storeys. The property has zoned R4V. The home features other, a finished, full basement. Highlights include a none pool.
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 two-bedroom suite at $2,700/month, 4 x one-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:60351)
Elgin Street just north of 417, turn right on McLeod, TL on Cartier, TR on Delaware. Or come in off QE Drive.
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Land, frontage and setting
Price, taxes and monthly charges
Listed by Adam Mills, ROYAL LEPAGE TEAM REALTY
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Listed by Adam Mills, ROYAL LEPAGE TEAM REALTY · MLS# X13869724
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