Royal LePage Team Realty Logo
RLP Team Logo Black & Red ()

276 POWELL AVENUE
Ottawa, Ontario K1S2A5

$1,899,900

ID# 1374601

ABOUT THIS PROPERTY


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:25961)

PROPERTY DETAILS


Year Built 1922
Cooling Type Central air conditioning, Air exchanger
Flooring Type Laminate, Tile, Other
Heating Type Forced air, Other
Heating Fuel Natural gas
Stories Total 3

Property Type


Multi-family
Courtesy of SUTTON GROUP - OTTAWA REALTY

Listed on: February 29, 2024

On market: 60 days

MORTGAGE CALCULATOR


Add CMHC fee.
Purchase Price
Down Payment or Equity
Amount of Mortgage
system will calculate
Current Interest Rate
Amortization Period
years
Payment Schedule
Monthly Payment (principal & interest)
system will calculate

SIMILAR PROPERTIES


Address Price Bed Bath SqFt Area Sub Area Brokerage
226 SHANLY PRIVATE Ottawa
226 SHANLY PRIVATE
$419,500 2 2 Ottawa ROYAL LEPAGE TEAM REALTY
5 HURON AVENUE N Ottawa
5 HURON AVENUE N
$899,900 - - 33 ft X 96 ft Ottawa Hintonburg/Tunney's Pasture RE/MAX PEMBROKE REALTY LTD.
810 Walkley Road Ottawa
810 WALKLEY ROAD
$1,149,900 5 4 Ottawa Riverside Park/Mooney's Bay
126 STRATHCARRON CRESCENT Ottawa
126 STRATHCARRON CRESCENT
$959,000 4 3 37.57 ft X 104.99 ft Ottawa ROYAL LEPAGE TEAM REALTY
Search