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Home ON Ottawa - Gatineau Ottawa East Industrial
1368 LABRIE AVENUE
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1368 LABRIE AVENUE $2,350,000
$2,350,000
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1368 LABRIE AVENUE
Ottawa, Ontario K1B3M1

MLS® Number: X9516074

Listing Description

Flooring: Vinyl, Flooring: Ceramic, Flooring: Laminate, DEVELOP & CONSTRUCT or OWN & OPERATE - Be opportunistic in a transitioning neighborhood!\r\nRecently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise.\r\nCurrently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. \r\nUnit 1 (lower): Renovated 2 bdrm $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: 20 (8 tenant)\r\nCurrent 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+ (36684152)

Location Description

Driving (near Cyrville Transit Station): \r\n-Take 417 to exit 115 St. Laurent Blvd. \r\n-Turn right (east) onto Ogilvie Rd. \r\n-Take the 1st right onto Cyrville Rd.\r\n-Turn right onto Labrie Ave.\r\n-Property is on right side.

Property Summary

Property Type
Single Family
Building Type
Triplex
Community Name
2203 - Cyrville Rd./Industrial Park
Land Size
100 x 150 FT ; 0
Annual Property Taxes
$7,848
Total Parking Spaces
20
Time on REALTOR.ca
162 days

Building

Interior Features
Appliances Included
Water Heater
Basement Type
Full (Finished)
Building Features
Features
Level
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Baseboard heaters (Natural gas)
Utilities
Utility Type
Natural Gas Available (Available)
Utility Sewer
Sanitary sewer
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
20

Land

Lot Features
Fencing
Fenced yard
Frontage
100 ft
Land Depth
150 ft
Other Property Information
Zoning Description
TD[2755]-h
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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