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): 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: 20 (8 tenant) 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:49269)
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
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July 15 2024 09:11:54
Ottawa Real Estate Board
Exp Realty