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): Vacant-renovated with projected rent $1850/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 income is $46,680/year with potential to increase to $85,080/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:50947)
| MLS® Number | 1399924 |
| Property Type | Office |
| Neigbourhood | Beacon Hill-Cyrville |
| Parking Space Total | 20 |
| Acreage | No |
| Size Depth | 150 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 0.34 |
| Size Total | 0.34 Ac |
| Size Total Text | 0.34 Ac |
| Zoning Description | Td1[2755]-h |
https://www.realtor.ca/real-estate/27168077/1368-labrie-avenue-ottawa-beacon-hill-cyrville
Contact us for more information
Jane Kirchmann
Salesperson
(866) 530-7737
(647) 849-3180
www.exprealty.ca
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The Reitzels
Keller Williams Innovation
640 Riverbend Drive
Kitchener, ON N2K 3S2
Phone: 519-570-6299 or
519-570-4447
Email: info@TheReitzels.com
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