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276 Powell Avenue Ottawa, Ontario K1S 2A5

$1,899,900

With TM zoning (Commercial/Mixed Use), this property offers multiple cash flow options. It was torn down to the studs and completely rebuilt as a legal triplex. Each unit has a completely independent heating system withseparate 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 exhanger. All kitchensfeature stainless steel appliances (including dishwashers) and quartz countertops. All bathrooms have double vanities and quartz countertops. Each unit has in-suite laundry and a private outdoor space. There are 4 on-site parking spaces. Currently operating as a legal short-term rental (STR) property with a City of Ottawa "Host Permit". This use can be continued by a new owner (the property is classified as a legally non-conforming hotel, as permitted by TM zoning) or rent to long-term residential or commercial tenants at market rates. (id:18965)

Business

Business Type Other
Business Sub Type Other

Property Details

MLS® Number 1380823
Property Type Business
Neigbourhood Glebe
Parking Space Total 4

Building

Constructed Date 1922

Land

Acreage No
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/26604185/276-powell-avenue-ottawa-glebe

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Frank Andree
Broker

(613) 867-6907

Sutton Group - Ottawa Realty
4 - 1130 Wellington St West
Ottawa, Ontario K1Y 2Z3

(613) 744-5000
(613) 744-5001
suttonottawa.ca

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