Mirna Botros

613-600-2626

1368 Labrie Avenue - $2,350,000

1368 Labrie Avenue

$2,350,000

2203 - Cyrville Rd./Industrial Park

Ottawa, OntarioK1B3M1

8 beds

4 baths

20 parking

MLS#: X13055586Listed: 5 months agoUpdated:4 months ago

Description

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:58075)

Details

Details for 1368 Labrie Avenue, Ottawa, Ontario

Property Type: Multi Family
Building Type: Other
Storeys: 2
Neighborhood: 2203 - Cyrville Rd./Industrial Park
Land Size: 100 x 150 FT ; 0
Year Built: -
Annual Property Taxes: $7,308
Parking Type: No Garage

Inside

Appliances: Water Heater
Rooms: -
Bedrooms: 8
Bathrooms: 4
Fireplace: -
Fireplace Total: -
Basement: Finished, Full

Building

Architecture Style: -
Direction: Cross Streets: Cyrville Rd and St. Laurent Blvd. ** Directions: Driving (near Cyrville Transit Station): -Take 417 to exit 115 St. Laurent Blvd. -Turn right (east) onto Ogilvie Rd. -Take the 1st right onto Cyrville Rd.-Turn right onto Labrie Ave.-Property is on right side.
Type of Dwelling: other
Roof: -
Exterior: Aluminum siding
Foundation: Concrete
Flooring: -