DIRECT: 613-223-6625 | OFFICE: 613-258-6299

276 POWELL AVENUE
Ottawa, Ontario K1S2A5

  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa
  • 276 POWELL AVENUE Ottawa

$1,899,900

ID# 1374601

Central air conditioning Air exchanger Forced air Other

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:25961)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of SUTTON GROUP - OTTAWA REALTY

Listed on: February 29, 2024

On market: 78 days
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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
Room Dimensions
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276 POWELL AVENUE

Chris Drozda

Broker

Phone: 613-223-6625

chrisdrozda@royallepage.ca

John Carkner, Realtor®

Sue Barnes, Broker

(613) 292-5889

Royal LePage Team Realty

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