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276 Powell Avenue Ottawa, Ontario K1S 2A5

Central Air Conditioning, Air Exchanger Forced Air, Other

$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 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 exhanger. All kitchens feature 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 permit in place. This use can be continued by a new owner (the property is classified as a legally non-conforming hotel, and is permitted by TM zoning) or rent to long-term commercial or residential tenants at market rates. (id:50982)

Property Details

MLS® Number 1374601
Property Type Multi-family
Neigbourhood Glebe
Amenities Near By Public Transit, Recreation Nearby, Shopping
Features Balcony
Parking Space Total 4
Structure Deck, Patio(s), Porch

Building

Amenities Furnished
Appliances Blinds
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1922
Construction Material Wood Frame
Construction Style Attachment Attached
Cooling Type Central Air Conditioning, Air Exchanger
Exterior Finish Brick, Vinyl
Fireplace Present No
Flooring Type Laminate, Tile, Other
Foundation Type Block, Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air, Other
Stories Total 3
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
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/26567605/276-powell-avenue-ottawa-glebe

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