Unique opportunity to purchase two dedicated short-term rental properties (5 units; one triplex and one duplex), in the Glebe. 

These units are exempt from the principal residence requirement (zoned commercial) and STR permits are in place (a new owner can operate them as dedicated STRs as well, according to the City). Average AirBnB rating is 4.8/5 based on 567+ reviews.

Gross revenue is $294K/year with Net Operating Income of $185K/year. Asking price is $3.7M (5.0% cap rate). Bookings for the rest of 2023 are already at $125K+ with more coming in every day (I checked with AirBnB support and bookings can be transferred to a new owner).

If you're interested, let me know and I'll send you more details! 

www.airbnb.ca/p/chateau-powell

Thanks,

Frank Andrée

fandree@chafra.ca

613-867-6907