For Sale: 64 Delaware Avenue, Ottawa, ON - REW
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$2,100,000
6 bd • 5 ba • 3000 - 3499 sf • Multifamily
64 Delaware Avenue
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$2,100,000
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64 Delaware AvenueOttawa, ON, K2P 0Z3

Centretown
  • 6 Bed
  • 5 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Dennis Tarrant, Broker, ROYAL LEPAGE TEAM REALTY

Home facts and features

Price details
List Price
$2,100,000
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Gross Taxes for 2025
$15,891
Home facts
Bedrooms
6
Full Bathrooms
5
Parking Spaces
7
Parking Details
Detached Garage, Tandem, Garage
Property Type
Multifamily
Lot Size
44 ft x 90 ft (3960 ft²)
Depth
90 feet
Frontage
44.0 feet
Exterior Finish
Brick, Stone
Heating Type
Radiant heat, Forced air, Natural gas
Basement Details
Finished, Full
Features
Alarm system, Canopy, Carpet Free, Lane, Lighting, Monitored Alarm, Smoke Detectors
Appliances
Furniture, Water meter
Community
Agent details
Primary Agent
Primary Broker
ROYAL LEPAGE TEAM REALTY
Secondary Agent
Adam Mills
Secondary Broker
ROYAL LEPAGE TEAM REALTY
Tertiary Agent
Tertiary Broker
ROYAL LEPAGE TEAM REALTY
Listing details
Days on REW
1 Day
Property Views
18
MLS® Number
X13869734
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Elgin Street Public School
  • Public
  • JK - 6
Immaculata School
  • Catholic
  • K - 12
Lisgar Collegiate Institute
  • Public
  • 9 - 12
Lady Evelyn Alternative School
  • Public
  • JK - 6
Viscount Alexander Public School
  • Public
  • JK - 6
Glashan Public School
  • Public
  • 7 - 8
First Avenue Public School
  • Public
  • JK - 6
ÉEP Francojeunesse
  • Public
  • JK - 6
York Street Public School
  • Public
  • JK - 8
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-10-07.
Call Agent
Broker
Dennis Tarrant
Phone:
(613) 875-9714
Office:
613-692-3567
Broker of Record
Adam Mills
Phone:
(613) 902-5400
Office:
613-692-3567
Broker
Frank Fragomeni
Phone:
(613) 220-3434
Office:
613-692-3567
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