$2,195,000 |
Cyrville Rd./Industrial Park
Ottawa
for Sale at 1368 Labrie Avenue Ottawa
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:6289)
Financial and Mortgage
| List Price |
$2,195,000
|
| Previous Price |
$2,350,000
|
| Price Reduction |
$155,000
|
| Monthly Payment |
$9,153/month
Get Prequalified
|
| Days on Website |
61
|
1368 Labrie Avenue Details
Show Less
Construction and Lot
| Bedrooms |
8
|
| Bathrooms |
4.00
|
| Parking Spaces |
20
|
| Parking |
No Garage
|
| Garages |
No Garage
|
| Has Basement |
Yes
|
| Basement |
Finished, Full
|
| Foundation |
Concrete
|
| Cooling |
Central air conditioning
|
| Heating |
Forced air, Natural gas
|
| Exterior |
Aluminum siding
|
| # of Stories |
2
|
| Features |
Level
|
Exterior of 1368 Labrie Avenue
| Type |
Multi-family
|
| Features |
Level
|
Interior
| Appliances |
Water Heater
|
| Fireplace |
No
|
Cyrville Rd./Industrial Park Information
About Cyrville Rd./Industrial Park in Ottawa
| Address |
1368 Labrie Avenue
|
| Subdivision |
Cyrville Rd./Industrial Park
|
| City |
Ottawa
|
| Province |
Ontario
|
| Postal Code |
K1B3M1
|
| Features |
Level
|
| Office/Brokerage |
SUTTON GROUP - OTTAWA REALTY
|
Cyrville Rd./Industrial Park Map, Demographics, Characteristics
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1368 Labrie Avenue in Cyrville Rd./Industrial Park, Ottawa Ontario,
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