DEVELOP & CONSTRUCT or OWN & OPERATE - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise. 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: 20 (8 tenant) 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 | 1399921 |
| Property Type | Multi-family |
| Neigbourhood | Cyrville Industrial Park |
| Amenities Near By | Public Transit, Shopping |
| Features | Flat Site |
| Parking Space Total | 20 |
| Storage Type | Storage Shed |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Siding |
| Flooring Type | Laminate, Vinyl, Ceramic |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Type | Triplex |
| Utility Water | Municipal Water |
| Gravel | |
| Surfaced |
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 Ft X 150 Ft |
| Size Total Text | 100 Ft X 150 Ft |
| Zoning Description | Td[2755]-h |
| Fully serviced | Available |
https://www.realtor.ca/real-estate/27168078/1368-labrie-avenue-ottawa-cyrville-industrial-park
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Jane Kirchmann
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(866) 530-7737
(647) 849-3180
www.exprealty.ca
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