$2,350,000 FOR SALE

Triplex

Lot: 100 x 150 ft

1368 Labrie Avenue
Ottawa, ON K1B 3M1

Flooring: Vinyl, Flooring: Ceramic, Flooring: Laminate, DEVELOP & CONSTRUCT or OWN & OPERATE - Be opportunistic in a transitioning neighborhood!\r\nRecently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise.\r\nCurrently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. \r\nUnit 1 (lower): Renovated 2 bdrm $2100/month incl.\r\nUnit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl.\r\nUnit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom\r\nFenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance.\r\nStorage Shed: 2 Storage Units included with Unit 1&2\r\nParking: 20 (8 tenant)\r\nCurrent income is 71k/year with potential to increase to 88k/year.\r\nNotices for rent increases of 2.5% take effect in October 2024.\r\nExisting leases 1yr+ (id:47423)

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Listed By EXP REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number X9516074
Last Updated Dec 19, 2024
Property Summary
Property Type Triplex

More like this:
Community 2203 - Cyrville Rd./Industrial Park
Price History
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Detailed Information
Lot 100 x 150 ft
Amenities Nearby Public Transit
Features Level
Listing Contract Date 2024-07-13
Location Description Driving (near Cyrville Transit Station): \r\n-Take 417 to exit 115 St. Laurent Blvd. \r\n-Turn right (east) onto Ogilvie Rd. \r\n-Take the 1st right onto Cyrville Rd.\r\n-Turn right onto Labrie Ave.\r\n-Property is on right side.
# of Parking Spaces 20
Property Type Single Family
Transaction Type For sale
Zoning Description TD[2755]-h
Building
Appliances Water Heater
Basement Development Finished
Basement Type Full (Finished)
Cooling Type Central air conditioning
Heating Fuel Natural gas
Heating Type Baseboard heaters
Type Triplex
Utility Water Municipal water
Utilities
Type Description
Natural Gas AvailableAvailable
Land
Total Size 100 x 150 FT ; 0
Amenities Public Transit
Fence Type Fenced yard
Sewer Sanitary sewer
Size of Irregular Land 100 x 150 FT ; 0

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