1368 LABRIE AVENUE Ottawa

1368 LABRIE AVENUE, Ottawa, Ontario

$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:56241)

  • Listing ID: 1399921
  • Property Type: Multi-family

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Details

  • Amenities Nearby: Public Transit, Shopping
  • Features: Flat site
  • Parking Spaces: 20
  • Storage: Storage Shed
  • Transaction: For sale
  • Zoning Description: TD[2755]-h

Building

  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Construction Style Attachment: Attached
  • Cooling: Central air conditioning
  • Exterior Finish: Siding
  • Fireplace Present: False
  • Flooring: Laminate, Vinyl, Ceramic
  • Heating: Baseboard heaters, Forced air
  • Heating Fuel: Electric, Natural gas
  • Stories Total: 2
  • Type: Triplex
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit, Shopping
  • Fence: Fenced yard
  • Sewer: Municipal sewage system
  • Size Frontage: 100 ft
  • Size Irregular: 100 ft X 150 ft
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1368 LABRIE AVENUE in Ottawa Ontario. It was last modified on July 13th, 2024. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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