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273 Powell Avenue Ottawa, Ontario K1S 2A4

Fireplace Central Air Conditioning Forced Air Landscaped, Underground Sprinkler

$1,399,900

Fantastic investment opportunity in the Glebe. Zoned TM (Commercial/Mixed Use), this well-maintained, legal duplex offers many options for income generation. Currently operating as a legal, short-term rental (STR) property generating a net annual operating income of just under $60K. A City of Ottawa STR permit is in place and 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). The property features a forced-air furnace along with central air conditioning (no radiators or boilers here). The clean and dry basement has a new concrete floor with 2 washers and 2 dryers and plenty of storage. The main floor unit has heated kitchen and bathroom floors with quartz countertops. The backyard and patio is fully fenced. The upper unit has a customized 1970's look for STR marketing purposes. It features granite countertops, an updated bathroom and extensive living space. (id:19720)

Property Details

MLS® Number 1374531
Property Type Multi-family
Neigbourhood Glebe
Amenities Near By Public Transit, Recreation Nearby, Shopping
Features Balcony
Parking Space Total 3
Storage Type Storage Shed
Structure Deck, Patio(s), Porch

Building

Amenities Furnished
Appliances Blinds
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1912
Cooling Type Central Air Conditioning
Exterior Finish Brick, Wood Siding
Fireplace Present Yes
Fireplace Total 1
Fixture Ceiling Fans
Flooring Type Hardwood, Tile
Foundation Type Poured Concrete, Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Type Duplex
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage No
Fence Type Fenced Yard
Land Amenities Public Transit, Recreation Nearby, Shopping
Landscape Features Landscaped, Underground Sprinkler
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 33 Ft
Size Irregular 33 Ft X 100 Ft
Size Total Text 33 Ft X 100 Ft
Zoning Description Tm

https://www.realtor.ca/real-estate/26567608/273-powell-avenue-ottawa-glebe

Interested?

Contact us for more information


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