1368 LABRIE AVENUE, Ottawa
- Land
- 6-car parking
- Ottawa location
Ask Peter Sagos about this property
About This Property
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:66401)
Property Details
Building & Features
Interior
- Heating
- Forced air, Natural gas
- Fireplace
- No
Lot and land
- Lot dimensions
- 100 x 150 FT ; 0
- Frontage
- 100 ft
- Zoning
- H2F[2755] H(20)-h
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
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