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$ 2,350,000
Est. payment /mo
New
1368 LABRIE AVE Cyrville - Carson Grove - Pineview, ON K1B 3M1
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 2203 - Cyrville Rd./Industrial Park
MLS Listing ID X13055586
Style 2-Storey
Bedrooms 8
Annual Tax Amount $7,307
Tax Year 2025
Property Sub-Type Multiplex
Property Description
DEVELOPMENT SITE STEPS TO LRT. 0.34-acre site located ~400m from Cyrville LRT Station. Successfully rezoned Hub Zone 2 [F], permitting mid-rise residential intensification in a rapidly evolving corridor. Preliminary plans support a 6-storey mid-rise development, with supporting reports available. Approved zoning in place reduces entitlement risk and allows for near-term execution. Flexible strategy: develop immediately, hold with income while advancing design, or reposition within a transforming transit-oriented node. There are many permitted uses outlined in this mixed-use hub zone. In-place gross income (~$71K/year; ~$88K potential) provides stable holding revenue. Property includes triplex (3 x 2-bedroom units), office outbuilding with kitchen & washroom, and large fully fenced yard with ~20 parking spaces and separate gated access. Nearby developments demonstrate strong lease-up performance, supporting continued rental demand in this LRT-connected location. Supporting due diligence materials available upon execution of a signed NDA. All showings to be coordinated through listing agent.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Full, Finished
Kitchen 5
Separate Den/Office 2
Interior
Interior Features Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Pool None
Roof Type Unknown,Asphalt Shingle
Topography Level
Lot Frontage 100.0
Lot Depth 150.0
Total Parking Spaces 20
Building
Unit Features Public Transit,Fenced Yard
Foundation Concrete
Others
Security Features Unknown
ParcelsYN No
Listed by SUTTON GROUP - OTTAWA REALTY
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