Listing ID: 1399924  
$2,350,000

1368 LABRIE AVENUE

EXP REALTY

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1368 LABRIE AVENUE, Ottawa, Ontario, K1B3M1
Property TypeOffice Lot Size0.34 acres

Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood! Recently 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. 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: 8 spaces (included) 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+ (id:16400)


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Details
Maintenance Fee TypeWaste Removal, Heat, Electricity, Water, Insurance, Other, See Remarks OwnershipFreehold
Parking Spaces20 TransactionFor sale
Zoning DescriptionTD1[2755]-h
Land
Size Total0.34 ac Size Frontage100 ft
Size Depth150 ft Size Irregular0.34

Listing Office: EXP REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :13/07/2024 04:12:22 PM

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