$2,100,000
( $608.17Per Sq Foot )
 $11,273 est/mo Sourced by Back At You

64 Delaware Avenue,Ottawa Centre, ON K2P 0Z3

Ottawa Centre, ON K2P 0Z3

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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 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.

Details

MLS #X13869724
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site14
Listing Provided ByROYAL LEPAGE TEAM REALTY | X13869724 506803

Features

SQ Feet3,453
Acreage0.08

Interior

CoolingYes

Exterior

Security FeaturesNo

Utilities

UtilitiesAvailable

Taxes

Tax Annual Amount15891.15
Tax TypeAnnual
Tax Legal DescriptionPCL 53-2, SEC 4M-3; LOT 53 AND THE WLY 4FT FROM FRONT TO REAR OF LOT 54 ON THE SOUTH SIDE OF DELAWARE AVENUE, PL 4M-3; OTTAWA/NEPEAN.
Tax Year2025

Area Information

ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK2P 0Z3
Area4104 Ottawa Centre | Golden Triangle
Listing VS Median (in K2P 0Z3)
Price:
$2,100,000
low | high
Med:
$2,100,000
50% of Average
sqft:
3,453
low | high
Med:
3,453
50% of Average
$ / sqft:
$608
low | high
Med:
$608
50% of Average
On site:
14
low | high
Med:
14
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

TROY DECAIRE

TROY DECAIRE

Coldwell Banker The Real Estate Centre

 (905) 967-4663troy@troydecaire.com
ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK2P 0Z3
Area4104 Ottawa Centre | Golden Triangle
Listing VS Median (in K2P 0Z3)
Price:
$2,100,000
low | high
Med:
$2,100,000
50% of Average
sqft:
3,453
low | high
Med:
3,453
50% of Average
$ / sqft:
$608
low | high
Med:
$608
50% of Average
On site:
14
low | high
Med:
14
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.575M - $2.625M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
233 Argyle Avenue Property Photo 1
$1,775,000
233 Argyle Avenue
Ottawa Centre, ON K2P 1B8
399 Bank Street Property Photo 1
$1,675,000
399 Bank Street
Ottawa Centre, ON K2P 1Y3
Listing Updated: October 15, 2026 at 3:39:37 PM PDT

Troy DeCaire - Coldwell Banker The Real Estate Centre