1368 LABRIE AVENUE

  • 1 week ago
OfficeOntarioOttawaK1B3M11368 LABRIE Avenue, Ottawa, Ontario, Canada, K1B3M1

1368 LABRIE Avenue, Ottawa, Ontario, Canada, K1B3M1

1368 LABRIE Avenue, Ottawa, Ontario, Canada, K1B3M1

Basics

  • Date added: Added 1 week ago
  • Category:
  • Bathrooms: 1
  • Area: 2804 sq ft
  • Lot size: 0 sq ft
  • SubdivisionName: 2203 - Cyrville Rd./Industrial Park
  • ListOfficeName: SUTTON GROUP - OTTAWA REALTY
  • MLS ID: X13073624

Description

  • 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:62692)

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Building Details

  • ParkingTotal: 6
  • Heating: Forced air

Amenities & Features

  • Waterfront available: No
  • OpenParkingYN: No
  • AttachedGarageYN: No
  • GarageYN: No
  • CarportYN: No
  • PoolYN: No
  • CoolingYN: Yes
  • Cooling: Fully air conditioned
  • Total Fireplaces: 0

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