About 1368 Labrie Avenue
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
Features of 1368 Labrie Avenue
| MLS® # | X13073622 |
|---|---|
| Price | $2,195,000 |
| Bathrooms | 1.00 |
| Type | Commercial |
| Sub-Type | Land |
| Status | Active |
Community Information
| Address | 1368 Labrie Avenue |
|---|---|
| Area | Ottawa |
| Subdivision | 2203 - Cyrville Rd./Industrial Park |
| City | Cyrville - Carson Grove - Pineview |
| Province | ON |
| Postal Code | K1B 3M1 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Garages | None |
| Is Waterfront | No |
Interior
| Heating | Gas Forced Air Closed |
|---|---|
| Fireplace | No |
Listing Details
| Office | SUTTON GROUP - OTTAWA REALTY |
|---|