DEVELOP & CONSTRUCT or OWN & OPERATE - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Vacant-renovated with projected rent $1850/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: 20 (8 tenant) Current income is $46,680/year with potential to increase to $85,080/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+
EXTRAS: Flat site
Virtual Tour: https://1368labrie.ca/
Last updated on : Monday 15th of July 2024 05:11:54 PM
Street : 1368 LABRIE AVENUE
City : Ottawa
Province : Ontario
Country : Canada
Postal Code : K1B3M1
Property ID : 1399921
Building Type : Triplex, Attached
Property Type : Multi-family
Parking : 20