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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:24093)
    Listed by Frank Andree of SUTTON GROUP - OTTAWA REALTY

    Property Details of 273 Powell Avenue

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    "Based on information submitted to CREA as of April 14, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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