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$1,899,900
73 Days Online

276 POWELL AVENUE
Ottawa, ONK1S2A5

For Sale|Business Opportunity|Active
0
Beds
0
Full Baths
0
Partial Baths
3,000
SqFt
$633
/SqFt
1922
Built
Subdivision:
Glebe
County:
Call Now: 613.733.9494
Is this the home for you? We can help make it yours.
613.733.9494
276 POWELL AVENUE276 POWELL AVENUE276 POWELL AVENUE276 POWELL AVENUE
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6.1% cap rate with gross annual revenue over $200K and NOI of $115K - including property management and operating expenses. Rare opportunity to own one of the City's only Dedicated Short-Term Rental (STR) properties. This property is not subject to the City’s principal residence requirement for STR (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. Summer STR revenue will be HOT! Act Now! (id:55532)

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Listing Snapshot
Price 
$1,899,900
Days Online 
73 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1922
MLS® Number 
1380823
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 months agoPrice changed to $1,899,900
2 months agoPrice changed to $1,959,900
2 months agoListing first seen online
General Features
Parking Spaces 
4
Zoning 
Commercial/Mixed Use
Interior Features
Fireplace 
No
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Listing courtesy of: Frank Andree of SUTTON GROUP - OTTAWA REALTY

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. Used under license.

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. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
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