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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:49072)
| 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 |
| 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 |
| Surfaced |
| 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
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