276 Powell Avenue Ottawa, Ontario K1S 2A5
$1,899,900
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:42406)
Property Details
| MLS® Number | 1374601 |
| Property Type | Multi-family |
| Neigbourhood | Glebe |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Features | Balcony |
| Parking Space Total | 4 |
| Structure | Deck, Patio(s), Porch |
Building
| Amenities | Furnished |
| Appliances | Blinds |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1922 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning, Air Exchanger |
| Exterior Finish | Brick, Vinyl |
| Flooring Type | Laminate, Tile, Other |
| Foundation Type | Block, Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Other |
| Stories Total | 3 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 99 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 Ft X 99 Ft |
| Size Total Text | 40 Ft X 99 Ft |
| Zoning Description | Commercial/mixed Use |
https://www.realtor.ca/real-estate/26567605/276-powell-avenue-ottawa-glebe
Interested?
Contact us for more information
Frank Andree
Broker
4 - 1130 Wellington St West
Ottawa, Ontario K1Y 2Z3
(613) 744-5000
(613) 744-5001
suttonottawa.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 24 2024 04:58:03
Ottawa Real Estate Board
Sutton Group - Ottawa Realty