1368 Labrie Avenue Ottawa, Ontario K1B 3M1

$2,350,000

Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres. Located less than 400m to the Cyrville Transit Station with plans for a 6-storey mid-rise residential building. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Vacant-renovated with projected rent $1850/month incl. Unit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl. Unit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom Fenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance. Storage Shed: 2 Storage Units included with Unit 1&2 Parking: 8 spaces (included) Current income is $46,680/year with potential to increase to $85,080/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:43934)

Property Details

MLS® Number	1399924
Property Type	Office
Neigbourhood	Beacon Hill-Cyrville
ParkingSpaceTotal	20

Building

Land

Acreage	No
SizeDepth	150 Ft
SizeFrontage	100 Ft
SizeIrregular	0.34
SizeTotal	0.34 Ac
SizeTotalText	0.34 Ac
ZoningDescription	Td1[2755]-h

https://www.realtor.ca/real-estate/27168077/1368-labrie-avenue-ottawa-beacon-hill-cyrville