1368 LABRIE Avenue, Cyrville - Carson Grove - Pineview, ON K1B 3M1
- $2,195,000
- 8
- BD
- 4
- BA
- 1,500
- SqFt
- List Price
- $2,195,000
- Price Change
- ▼ $155,000 1786161615
- MLS#
- X13055586
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 1500-2000
- Province
- ON
- Municipality
- Cyrville - Carson Grove - Pineview
- Area
- Ottawa
- Neighborhood
- 2203 - Cyrville Rd./Industrial Park
- Subdivision
- Cyrville Rd And St. Laurent Blvd.
Property Description
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.
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Additional Information
- Taxes
- $7,307
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 5
- Exterior
- Aluminum Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 20
- Parking Type
- Front Yard Parking
Mortgage Calculator
Listing courtesy of SUTTON GROUP - OTTAWA REALTY.