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1368 LABRIE AVENUE, Ottawa, Ontario, K1B3M1
Property TypeMulti-family

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): 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: 20 (8 tenant) 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
Amenities NearbyPublic Transit, Shopping FeaturesFlat site
LeaseNet Parking Spaces20
StorageStorage Shed TransactionFor sale
Zoning DescriptionTD[2755]-h
Building
Basement DevelopmentFinished BasementFull (Finished)
Construction Style AttachmentAttached CoolingCentral air conditioning
Exterior FinishSiding FlooringLaminate, Vinyl, Ceramic
Heating FuelElectric, Natural gas HeatingBaseboard heaters, Forced air
Storeys Total2 TypeTriplex
Utility WaterMunicipal water
Land
Size Frontage100 ft AmenitiesPublic Transit, Shopping
FenceFenced yard SewerMunicipal sewage system
Size Depth150 ft Size Irregular100 ft X 150 ft

Listing Office: EXP REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :15/07/2024 05:11:54 PM

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