Mehdi Teimouri
Broker
Right At Home Realty, Brokerage
Independently owned and operated.
1550 16 ave, Richmond Hill , Ontario L4b 3k9
Cell: 647-989-2641Office: 905-695-7888Fax: 905-695-0900
$2,100,000
Available - For Sale
Listing ID: X13869724
64 Delaware Avenue , Ottawa Centre, K2P 0Z3, Ottawa
| 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. |
| Price | $2,100,000 |
| Taxes: | $15891.15 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 64 Delaware Avenue , Ottawa Centre, K2P 0Z3, Ottawa |
| Postal Code: | K2P 0Z3 |
| Province/State: | Ottawa |
| Legal Description: | PCL 53-2, SEC 4M-3; LOT 53 AND THE WLY 4 |
| Directions/Cross Streets: | Cartier Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Accommodation |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 3453.00 |
| Total Area Code: | Square Feet |
| Approximatly Age: | 100+ |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | T |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
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Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE TEAM REALTY |
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Mehdi Teimouri
Broker
Dir:
647-989-2641
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4104 - Ottawa Centre/Golden Triangle |
| Approximate Age: | 100+ |
| Tax: | $15,891.15 |
| Fireplace: | N |
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