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:37553)
Property Details
| MLS® Number | 1399921 |
| Property Type | Multi-family |
| Neigbourhood | Cyrville Industrial Park |
| Amenities Near By | Public Transit, Shopping |
| Features | Flat Site |
| Parking Space Total | 20 |
| Storage Type | Storage Shed |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Siding |
| Flooring Type | Laminate, Vinyl, Ceramic |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Surfaced |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 Ft X 150 Ft |
| Size Total Text | 100 Ft X 150 Ft |
| Zoning Description | Td[2755]-h |
Utilities
| Fully serviced | Available |
https://www.realtor.ca/real-estate/27168078/1368-labrie-avenue-ottawa-cyrville-industrial-park
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 11 2024 07:13:29
Ottawa Real Estate Board
Exp Realty