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 (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Renovated 2 bdrm $2100/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: 20 (8 tenant) Current income is 71k/year with potential to increase to 88k/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:43934)

Property Details

MLS® Number	1399921
Property Type	Multi-family
Neigbourhood	Cyrville Industrial Park
AmenitiesNearBy	Public Transit, Shopping
Features	Flat Site
ParkingSpaceTotal	20
StorageType	Storage Shed

Building

BasementDevelopment	Finished
BasementType	Full (finished)
ConstructionStyleAttachment	Attached
CoolingType	Central Air Conditioning
ExteriorFinish	Siding
FlooringType	Laminate, Vinyl, Ceramic
HeatingFuel	Electric, Natural Gas
HeatingType	Baseboard Heaters, Forced Air
StoriesTotal	2
Type	Triplex
UtilityWater	Municipal Water

Parking

Gravel
Surfaced

Land

Acreage	No
FenceType	Fenced Yard
LandAmenities	Public Transit, Shopping
Sewer	Municipal Sewage System
SizeDepth	150 Ft
SizeFrontage	100 Ft
SizeIrregular	100 Ft X 150 Ft
SizeTotalText	100 Ft X 150 Ft
ZoningDescription	Td[2755]-h

Utilities

Fully serviced

Available

https://www.realtor.ca/real-estate/27168078/1368-labrie-avenue-ottawa-cyrville-industrial-park