276 Powell Avenue, Ottawa

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:1945)