Ottawa, ON K1B3M1 1368 LABRIE AVENUE
$2,350,000
25 more
Presented By: EXP REALTY
Home Details
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:7434)
Presented By: EXP REALTY
Interior Features for 1368 LABRIE AVENUE
Other Interior Features
Basement DevelopmentFinished
Basement TypeFull (Finished)
Building Fireplace PresentFalse
Building Heating FuelElectric, Natural gas
Building Heating TypeBaseboard heaters, Forced air
Construction Style AttachmentAttached
Flooring TypeLaminate, Vinyl, Ceramic
General for 1368 LABRIE AVENUE
AmenitiesPublic Transit, Shopping
Building Cooling TypeCentral air conditioning
Building TypeTriplex
Building.StoriesTotal2
FeaturesFlat site
Lease TypeNet
NeighbourhoodCyrville Industrial Park
Parking Space Total20
Property TypeMulti-family
Zoning DescriptionTD[2755]-h
Exterior for 1368 LABRIE AVENUE
Exterior FinishSiding
Fence TypeFenced yard
Land Amenities Public Transit, Shopping
SewerMunicipal sewage system
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty