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276 POWELL AVENUE - MLS® # 1374601

Property Details


List Price
$1,899,900
Living Area
0 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
40 ft X 99 ft
Taxes
N/A
Type
Triplex
Style
N/A
Basement
Full (Finished)
Year Built
1922

Description

Rare opportunity to own one of the City's only Dedicated Short-Term Rental properties. This property is not subject to the City’s principal residence requirement for short-term rentals (Airbnb). Classified as a “legally non-conforming hotel” with a City of Ottawa Host Permit in place. The property is zoned TM; Commercial/Mixed Use. Excellent cash flow and growth potential with limited competition for short-term rental guests in the Glebe. The current use is grandfathered and can be continued by a new owner. This property was torn down to the studs and completely rebuilt as a legal triplex. Each unit has a completely independent heating system with separate forced-air furnaces and AC units for the 2-bdrm main floor and 3-bdrm upper unit. The 2-bdrm basement unit, with full-height ceiling, has in-floor, hydronic heating throughout and a dedicated air exchanger. Each unit has in-suite laundry and a private outdoor space. There are 4 on-site parking spaces. Act now and reap summer revenue! (id:2469)

Features

Balcony

Amenities

Public Transit, Recreation Nearby, Shopping

Listing Provided By

SUTTON GROUP - OTTAWA REALTY

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 Real Estate Listing provided by
  • GRINDSTONE REALTY INC.
  • 613-695-5888
  • 613-695-5888
  • 613-695-8088
  • Info@GrindstoneRealty.ca
  • Grindstone Realty Inc.
  • 250B Greenbank Rd. - Suite 235
  • Ottawa, ON
  • K2H 8X4