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:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Bedroom | Second level | 3.75 m x 4.06 m |
| Living room | Second level | 4.1 m x 3.68 m |
| Other | Second level | 2.88 m x 2.96 m |
| Bathroom | Second level | 3.72 m x 1.66 m |
| Bedroom | Second level | 3.1 m x 4.51 m |
| Dining room | Second level | 5.19 m x 4.92 m |
| Kitchen | Second level | 1.69 m x 3.2 m |
| Dining room | Third level | 4.51 m x 4.22 m |
| Kitchen | Third level | 3.83 m x 1.61 m |
| Bedroom | Third level | 3.84 m x 3.65 m |
| Bathroom | Third level | 1.85 m x 4.39 m |
| Living room | Third level | 3.8 m x 5.45 m |
| Other | Third level | 3.19 m x 0.91 m |
| Other | Third level | 2.64 m x 0.8 m |
| Other | Third level | 2.78 m x 2.93 m |
| Bathroom | Basement | 2.54 m x 1.53 m |
| Dining room | Basement | 2.44 m x 4.04 m |
| Living room | Basement | 4.12 m x 2.44 m |
| Kitchen | Basement | 5.18 m x 6.09 m |
| Bedroom | Basement | 3.63 m x 4.6 m |
| Bedroom | Main level | 1.97 m x 4.46 m |
| Living room | Main level | 5.64 m x 5.82 m |
| Bathroom | Main level | 2.96 m x 1.68 m |
| Kitchen | Main level | 3.07 m x 3.65 m |
| Bathroom | Main level | 1.56 m x 3.1 m |
| Living room | Main level | 4.71 m x 4.38 m |
| Kitchen | Main level | 3.22 m x 2.95 m |
| Dining room | Main level | 2.95 m x 2.45 m |
| Bedroom | Main level | 3.18 m x 3.11 m |
Details
- Features: Lane, Lighting, Carpet Free
- Parking Spaces: 7
- Structure: Deck, Porch, Shed
- Transaction: For sale
Building
- Amenities: Canopy
- Appliances: Water meter, Furniture
- BasementType: Full (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 5
- Bedrooms Lower Level: 1
- Exterior Finish: Brick, Stone
- Fireplace Present: False
- Fire Protection: Alarm system, Smoke Detectors, Monitored Alarm
- Flooring: Tile, Hardwood, Laminate
- Foundation: Stone
- Bathrooms (Total): 5
- Heating: Forced air, Radiant heat
- Heating Fuel: Other
- Size Interior: 3000 - 3500 sqft
- Stories Total: 3
- Type: Other
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 44 ft
- Size Irregular: 44 x 90 FT
Listing provided by ROYAL LEPAGE TEAM REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 64 DELAWARE AVENUE in Ottawa Ontario. It was last modified on October 6th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.