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1368 Labrie Avenue Ottawa, Ontario K1B 3M1

$2,350,000

Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood!\r\nRecently 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.\r\nCurrently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. \r\nUnit 1 (lower): Renovated 2bdrm $2100/month incl.\r\nUnit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl.\r\nUnit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom\r\nFenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance.\r\nStorage Shed: 2 Storage Units included with Unit 1&2\r\nParking: 8 spaces (included)\r\nCurrent gross income is 71k/year with potential to increase to 88k/year.\r\nNotices for rent increases of 2.5% take effect in October 2024.\r\nExisting leases 1yr+ (id:37351)

Property Details

MLS® Number X9516075
Property Type Office
Neigbourhood Beacon Hill-Cyrville
Community Name 2203 - Cyrville Rd./Industrial Park
Parking Space Total 20

Building

Type Offices

Land

Acreage No
Size Depth 150 Ft
Size Frontage 100 Ft
Size Irregular Unit=100 X 150 Ft ; 0
Size Total Text Unit=100 X 150 Ft ; 0
Zoning Description Td1[2755]-h

https://www.realtor.ca/real-estate/27168077/1368-labrie-avenue-ottawa-2203-cyrville-rdindustrial-park

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Jane Kirchmann
Salesperson

(613) 620-3625

Exp Realty
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4

(866) 530-7737
(647) 849-3180

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