$ 2,350,000
1368 LABRIE AVENUE Ottawa, ON K1B3M1
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$ 2,350,000
Est. payment | /mo
$ 2,350,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Cyrville Industrial Park
MLS® Listing ID 1399921
Originating Board Ottawa Real Estate Board
Property Description
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): Renovated 2 bdrm $2100/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 71k/year with potential to increase to 88k/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters, Forced air
Cooling Central air conditioning
Flooring Laminate, Vinyl, Ceramic
Exterior
Garage No
Fence Fenced yard
Waterfront No
View Y/N No
Total Parking Spaces 20
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Listed by EXP REALTY