1368 LABRIE AVENUE

Ottawa, Ontario, K1B3M1, Canada

$2,350,000

Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood!rnRecently 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.rnCurrently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. rnUnit 1 (lower): Renovated 2bdrm $2100/month incl.rnUnit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl.rnUnit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroomrnFenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance.rnStorage Shed: 2 Storage Units included with Unit 1&2rnParking: 8 spaces (included)rnCurrent gross income is 71k/year with potential to increase to 88k/year.rnNotices for rent increases of 2.5% take effect in October 2024.rnExisting leases 1yr+

Virtual Tour: https://www.1368labrie.ca/

Last updated on : Thursday 19th of December 2024 08:40:13 AM

ADDRESS

Street : 1368 LABRIE AVENUE

City : Ottawa

Province : Ontario

Country : Canada

Postal Code : K1B3M1

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PROPERTY SUMMARY

Property ID : X9516075

Building Type : Offices

Property Type : Office

Parking : 20

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