Mirna Botros

613-600-2626

64 Delaware Avenue - $2,100,000

64 Delaware Avenue

$2,100,000

4104 - Ottawa Centre/Golden Triangle

Ottawa, OntarioK2P0Z3

0 beds

0 baths

7 parking

MLS#: X13869724Listed: about 1 hour agoUpdated:about 1 hour ago

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. (id:58075)

Details

Details for 64 Delaware Avenue, Ottawa, Ontario

Property Type: Business
Building Type: -
Storeys: -
Neighborhood: 4104 - Ottawa Centre/Golden Triangle
Land Size: Bldg=44 x 90 FT
Year Built: -
Annual Property Taxes: $15,891
Parking Type: -

Inside

Appliances: Furniture
Rooms: -
Bedrooms: -
Bathrooms: 0
Fireplace: -
Fireplace Total: -
Basement: -

Building

Architecture Style: -
Direction: Cross Streets: Cartier Street. ** Directions: Elgin Street just north of 417, turn right on McLeod, TL on Cartier, TR on Delaware. Or come in off Queen Elizabeth Drive.
Type of Dwelling: -
Roof: -
Exterior: -
Foundation: -
Flooring: -