8 Bed, 4 Bath Multi-Family for Sale in Ottawa – 1368 LABRIE AVENUE, Ottawa – MLS# X13055586

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$2,350,000

1368 LABRIE AVENUE, Ottawa

8 Beds • 4.0 Baths • Multi-Family
MLS# X13055586
  • Multi-Family
  • Spacious 8-bedroom layout
  • Ottawa location
613-369-5199

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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

Bedrooms 8
Bathrooms 4.0
Property Type Multi-Family

Location

1368 LABRIE AVENUE, Ottawa, Ontario, K1B3M1

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14 Chamberlain Ave. #101, Ottawa, ON K1S 1V9

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