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1368 LABRIE AVENUE - MLS® # X13073622

$2,350,000

Property Details

Living Area
14,962 sqft.
Bedrooms
N/A
Bathroom
1
Lot Size Area
100 x 150 FT ; 0
Taxes
N/A
Type
Vacant Land
Style
N/A
Basement
Year Built
N/A

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 (id:2469)

Amenities

Public Transit

Listing Provided By

SUTTON GROUP - OTTAWA REALTY

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CONTACT

Real Estate Listing provided by
  • Name:
    Lucas Smith
  • Phone:
    (613) 704-0616
  • Mobile:
    613-447-6037
  • Address
    • EXP REALTY 424 CATHERINE ST, UNIT 200
    • Ottawa, ON
    • K1R5T8
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