| Property TypeBusiness | Built in1922 |
| Building Area3000 square feet |
|
6.1% cap rate with gross annual revenue over $200K and NOI of $115K - including property management and operating expenses. Rare opportunity to own one of the City's only Dedicated Short-Term Rental (STR) properties. This property is not subject to the City’s principal residence requirement for STR (Airbnb). Classified as a “legally non-conforming hotel” with a City of Ottawa Host Permit in place. The property is zoned TM (Commercial/Mixed Use). Excellent cash flow and growth potential with limited competition for short-term rental guests in the Glebe. The current use is grandfathered and can be continued by a new owner. This property was torn down to the studs and completely rebuilt as a legal triplex. Each unit has a completely independent heating system with separate 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. Summer STR revenue will be HOT! Act Now! (id:16400) |
| Business TypeOther | Business Sub TypeOther |
| OwnershipFreehold | Parking Spaces4 |
| TransactionFor sale | Zoning DescriptionCommercial/Mixed Use |
| Constructed Date1922 | Size Interior3000 sqft |
| Size Frontage40 ft | Size Depth99 ft |
| Size Irregular40 ft X 99 ft |
Listing Office: SUTTON GROUP - OTTAWA REALTY
Data Provided by Ottawa Real Estate Board
Last Modified :10/05/2024 08:12:37 PM
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