About this home

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:28469)

Facts & features

Property

MLS® Number: X13073620
Property Type: Vacant Land
Neighbourhood: Cyrville
Community Name: 2203 - Cyrville Rd./Industrial Park
Amenities Near By: Public Transit
Features: Level
Parking Space Total: 20
Structure: Outbuilding

Building

Bathroom Total: 4
Bedrooms Above Ground: 6
Bedrooms Below Ground: 2
Bedrooms Total: 8
Appliances: Water Heater
Basement Development: Finished
Basement Type: Full (finished)
Cooling Type: Central Air Conditioning
Exterior Finish: Aluminum Siding
Foundation Type: Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 2
Size Interior: 1,500 - 2,000 Sqft
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Fence Type: Fully Fenced, Fenced Yard
Land Amenities: Public Transit
Sewer: Sanitary Sewer
Size Depth: 150 Ft
Size Frontage: 100 Ft
Size Irregular: 100 X 150 Ft ; 0
Size Total Text: 100 X 150 Ft ; 0
Zoning Description: H2f[2755] H(20)-h

Utilities

Cable: Available
Electricity: Installed
Natural Gas Available: Available
Sewer: Installed

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

1368 Labrie Avenue, Ottawa, Ontario K1B 3M1 · Get directions