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+
Driving (near Cyrville Transit Station): -Take 417 to exit 115 St. Laurent Blvd. -Turn right (east) onto Ogilvie Rd. -Take the 1st right onto Cyrville Rd. -Turn right onto Labrie Ave. -Property is on right side.
Neighbourhood
2203 - Cyrville Rd./Industrial Park
Area
Ottawa
Price History
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Detailed Information
Lot
100 x 150 ft
Office/Apt Area
280
Total Area
2,400
Parking Spaces
20
Gross Income/Sales
$71,880
Net Income Before Debt
$48,634
Survey
Y
Zoning
TD1[2755]-h
Seller Property Info Statement
N
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