Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres. Located less than 400m to the Cyrville Transit Station with plans for a 6-storey mid-rise residential building. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Renovated 2bdrm $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: 8 spaces (included) Current gross 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:4069)
| Address |
1368 LABRIE AVENUE |
| List Price |
$2,350,000 |
| Property Type |
Office |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
0.34 Sq. Ft. |
| MLS® Number |
1399924 |
| Listing Brokerage |
EXP REALTY
|
| Postal Code |
K1B3M1 |
| Zoning |
TD1[2755]-h |
