276 POWELL AVENUE , Ottawa Ontario K1S2A5

Sale $1,899,900 |

Listing # 1374601

Sutton Group Ottawa Realty, Brokerage (Independently owned and operated)

Brokerage

4 - 1130 WELLINGTON STREET WEST
OTTAWA K1Y 2Z3

Remarks:

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:7526)

Investment

Neighbourhood:	Glebe
Lot Frontage:	40.0 Feet
Lot Depth:	99.0 Feet
Lot Size:	40 ft X 99 ft
No. of Parking Spaces:	4
Built in:	1922
Zoning:	Commercial/Mixed Use

Property Features:

Amenities Nearby:	Public Transit , Recreation Nearby , Shopping
Features:	Balcony
Lease Type:	Lease Type
Parking Type:	Surfaced
Property Type:	Multi-family
Sewer:	Municipal sewage system
Structure Type:	Deck , Patio(s) , Porch

Building Features:

Amenities:	Furnished
Appliances:	Blinds
Basement Development:	Finished
Basement Type:	Full
Building Type:	Triplex
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

Sutton Group Ottawa Realty, Brokerage (Independently owned and operated)

Brokerage

4 - 1130 WELLINGTON STREET WEST
OTTAWA K1Y 2Z3

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