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:4069)
| Address |
276 POWELL AVENUE |
| List Price |
$1,899,900 |
| Property Type |
Multi-family |
| Type of Dwelling |
Triplex |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
40 ft X 99 ft Sq. Ft. |
| Year Built |
1922 |
| MLS® Number |
1374601 |
| Listing Brokerage |
SUTTON GROUP - OTTAWA REALTY
|
| Basement Area |
Full (Finished) |
| Postal Code |
K1S2A5 |
| Zoning |
Commercial/Mixed Use |
| Site Influences |
Public Transit, Recreation Nearby, Shopping |
| Features |
Balcony |
| Amenities |
Furnished |
