Property Details
1368 LABRIE AVENUE, Ottawa, Ontario, K1B3M1
Broker
Reva Realty Inc. Brokerage
Cell: 613-332-8921
Tel: 613-332-1338
$2,350,000 - For sale
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:2471)
Location DescriptionCross Streets: Cyrville Rd and St. Laurent Blvd. ** Directions: Driving (near Cyrville Transit Station): Take 417 to exit 115 St. Laurent Blvd - Turn right (east) onto Ogilvie Rd - Take the 1st right onto Cyrville Rd - Turn right onto Labrie Ave - Property is on right side.
- Property Address:1368 LABRIE AVENUE, Ottawa, Ontario, K1B3M1
- Property Type:Vacant Land
- Community Name:2203 - Cyrville Rd./Industrial Park
- Lot Size:100 x 150 FT ; 0
- Sewage Type:Sanitary sewer
- Water Type:Municipal water
- Parking Space Total:6
- Bathrooms:1
- Floor Space:14962 sqft
- Heating Type:Natural gas, Forced air
- Amenities Nearby:Public Transit
Broker
Reva Realty Inc. Brokerage
Cell: 613-332-8921
Tel: 613-332-1338
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- Map 1368 LABRIE AVENUE, Ottawa, Ontario, K1B3M1
- Neighbourhood Information
1368 LABRIE AVENUE, Ottawa, Ontario, K1B3M1
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