Active

276 POWELL AVENUE

Ottawa Ontario, K1S2A5

$1,899,900


Active

Commercial

Built in 1922

 Courtesy of SUTTON GROUP - OTTAWA REALTY 

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:41202)

1380823

MLS ID

March 9, 2024

Listed

April 3, 2024

Updated

Map

276 POWELL AVENUE
Ottawa Ontario, K1S2A5

Other Property Details

Garage

No


Parking Total

4


View

No


Pool

No

Listing History

Date

Event

Price

4/3/2024

Price Change

$1,899,900

-4%

3/10/2024

Price Change

$1,959,900

1125%

Courtesy of SUTTON GROUP - OTTAWA REALTY, Frank Andree,
Listing Contact: (613) 867-6907 

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