1368 LABRIE AVENUE

Multi-family For Sale in Ottawa, Ontario

$2,350,000
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): Renovated 2 bdrm $2100/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 71k/year with potential to increase to 88k/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:4069)
Address 1368 LABRIE AVENUE
List Price $2,350,000
Property Type Multi-family
Type of Dwelling Triplex
Area Ontario
Sub-Area Ottawa
Lot Size 100 ft X 150 ft Sq. Ft.
MLS® Number 1399921
Listing Brokerage EXP REALTY
Basement Area Full (Finished)
Postal Code K1B3M1
Zoning TD[2755]-h
Site Influences Public Transit, Shopping
Features Flat site

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YOW Home Team

Innovation Realty

102-659 Sue Holloway Drive Nepean On K2J 5G3

Office: 613-755-2278

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