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$2,350,000

1368 Labrie Avenue Ottawa, Ontario K1B 3M1

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1368 Labrie Avenue Ottawa, Ontario K1B 3M1

Central Air Conditioning Baseboard Heaters, Forced Air

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:42482)

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about 1368 Labrie Avenue, Ottawa, Ontario K1B 3M1

    Property Details

    Property Details for 1368 Labrie Avenue, Ottawa, Ontario K1B 3M1

    MLS® Number 1399921
    Property Type Multi-family
    Neighbourhood Cyrville Industrial Park
    AmenitiesNearby Public Transit, Shopping
    Features Flat Site
    ParkingSpaceTotal 20
    StorageType Storage Shed

    Building

    Building details for 1368 LABRIE AVENUE, Ottawa, Ontario K1B 3M1
    BasementDevelopment Finished
    BasementType Full (finished)
    ConstructionStyleAttachment Attached
    CoolingType Central Air Conditioning
    ExteriorFinish Siding
    FlooringType Laminate, Vinyl, Ceramic
    HeatingFuel Electric, Natural Gas
    HeatingType Baseboard Heaters, Forced Air
    StoriesTotal 2
    Type Triplex
    UtilityWater Municipal Water

    Parking

    Gravel
    Surfaced

    Land

    Acreage No
    FenceType Fenced Yard
    LandAmenities Public Transit, Shopping
    Sewer Municipal Sewage System
    SizeDepth 150 Ft
    SizeFrontage 100 Ft
    SizeIrregular 100 Ft X 150 Ft
    SizeTotalText 100 Ft X 150 Ft
    ZoningDescription Td[2755]-h

    Utilities

    Fully serviced Available

    EXP REALTY
    343 Preston Street, 11th Floor
    Ottawa, Ontario K1S 1N4

    (866) 530-7737
    (647) 849-3180
    www.exprealty.ca

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