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+
Address
1368 Labrie Avenue
List Price
$2,350,000
Property Type
Commercial
Type of Dwelling
Office
Area
Cyrville - Carson Grove - Pineview
Sub-Area
2203 - Cyrville Rd./Industrial Park
County
Ottawa
Lot Depth
150
Lot Type
Unknown
Lot Size Units
Feet
Lot Width
100
Frontage Length
30.48
MLS® Number
X9516075
Listing Brokerage
EXP REALTY
Postal Code
K1B 3M1
Tax Amount
$7,848.00
Tax Year
2024
Pets
Unknown
Association Fee Includes
Building Insurance Included
Heat Type
Unknown
Cooling Features
Unknown
Direction Faces
West
Garage Type
Unknown
Roof
Unknown
Security Features
Unknown
Sewer
Unknown
