Swipe photos or tap to open fullscreen gallery.
For Sale
$2,195,000
MLS® X13073620
1368 LABRIE AVENUE
Ottawa, Ontario, K1B3M1
- Beds / Baths
- 8 bed · 4 bath
- Property type
- Vacant Land
- Building
- Vacant Land
- Lot size
- 100 x 150 FT ; 0
- Parking
- 20
Property facts
- Beds / Baths
- 8 bed · 4 bath
- Property type
- Vacant Land
- Building
- Vacant Land
- Transaction
- For Sale
- Lot size
- 100 x 150 FT ; 0
- Parking
- 20
About this property
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. (id:53361)