For Sale

$2,350,000

1368 LABRIE AVENUE , Ottawa, Ontario K1B3M1

6+2 Beds 4 Baths

Remarks

DEVELOPMENT SITE STEPS TO LRT. 0.34-acre site located ~400m from Cyrville LRT Station. Successfully rezoned Hub Zone 2 [F], permitting mid-rise residential intensification in a rapidly evolving corridor. Preliminary plans support a 6-storey mid-rise development, with supporting reports available. Approved zoning in place reduces entitlement risk and allows for near-term execution. Flexible strategy: develop immediately, hold with income while advancing design, or reposition within a transforming transit-oriented node. There are many permitted uses outlined in this mixed-use hub zone. In-place gross income (~$71K/year; ~$88K potential) provides stable holding revenue. Property includes triplex (3 x 2-bedroom units), office outbuilding with kitchen & washroom, and large fully fenced yard with ~20 parking spaces and separate gated access. Nearby developments demonstrate strong lease-up performance, supporting continued rental demand in this LRT-connected location. Supporting due diligence materials available upon execution of a signed NDA. All showings to be coordinated through listing agent. (id:7526)

Property Summary

  • Neighbourhood: 2203 - Cyrville Rd./Industrial Park
  • Lot Frontage: 100.0 Feet
  • Lot Depth: 150.0 Feet
  • Lot Size: 100 x 150 FT ; 0
  • No. of Parking Spaces: 20
  • Bedrooms: 6+2
  • Bathrooms (Total): 4
  • Zoning: H2F[2755] H(20)-h

Property Features:

  • Amenities Nearby:
    Public Transit
  • Features:
    Level
  • Fence Type:
    [] , Fenced yard
  • Parking Type:
    No Garage
  • Property Type:
    Multi-family
  • Sewer:
    Sanitary sewer
  • Structure Type:
    Outbuilding
  • Utility Type:
    Sewer - Installed
  • Utility Type:
    Hydro - Installed
  • Utility Type:
    Cable - Available
  • Utility Type:
    [] - Available

Building Features:

  • Appliances:
    []
  • Basement Development:
    Finished
  • Basement Type:
    Full
  • Building Type:
    Other
  • Cooling Type:
    Central air conditioning
  • Exterior Finish:
    Aluminum siding
  • Foundation Type:
    Concrete
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Forced air
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