1368 LABRIE AVENUE
Ottawa, Ontario
MLS® X13055586
$2,195,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13055586
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- —
1 / 42Listing description
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.
Property summary
- MLS® number
- X13055586
- Property type
- Multi-family
- Building type
- Other
- Land size
- 100 x 150 FT ; 0
- Annual property taxes
- $7,307.84
- Parking
- 20 spaces · No Garage
- Days on market
- 142 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Full
- Appliances
- Water Heater
- Exterior features
- Aluminum siding
- Lot features
- Level
What would this home cost you?
Based on the $2,195,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SUTTON GROUP - OTTAWA REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.