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1368 Labrie Avenue Ottawa, Ontario K1B 3M1

Central Air Conditioning Baseboard Heaters, Forced Air

$2,350,000

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:28469)

Property Details

MLS® Number 1399921
Property Type Multi-family
Neigbourhood Cyrville Industrial Park
AmenitiesNearBy Public Transit, Shopping
Features Flat Site
ParkingSpaceTotal 20
StorageType Storage Shed

Building

BasementDevelopment Finished
BasementType Full (finished)
ConstructionStyleAttachment Attached
CoolingType Central Air Conditioning
ExteriorFinish Siding
FlooringType Laminate, Vinyl, Ceramic
HeatingFuel Electric, Natural Gas
HeatingType Baseboard Heaters, Forced Air
StoriesTotal 2
Type Triplex
UtilityWater Municipal Water

Parking

Gravel
Surfaced

Land

Acreage No
FenceType Fenced Yard
LandAmenities Public Transit, Shopping
Sewer Municipal Sewage System
SizeDepth 150 Ft
SizeFrontage 100 Ft
SizeIrregular 100 Ft X 150 Ft
SizeTotalText 100 Ft X 150 Ft
ZoningDescription Td[2755]-h

Utilities

Fully serviced Available