$ 2,350,000
1368 LABRIE AVENUE Ottawa, ON K1B3M1
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In-PersonVirtual Tour
$ 2,350,000
Est. payment /mo
Active
1368 LABRIE AVENUE Ottawa, ON K1B3M1
0.34 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Beacon Hill-Cyrville
MLS® Listing ID 1399924
Originating Board Ottawa Real Estate Board
Lot Size 0.340 Acres
Acres 14810.4
Property Description
Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood! Recently 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. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Renovated 2bdrm $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: 8 spaces (included) Current gross 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:24570)
Location
Province ON
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 20
Private Pool No
Others
Ownership Freehold
Listed by EXP REALTY