1368 LABRIE AVENUE
Ottawa, Ontario, K1B3M1
For Sale | $2,350,000 | 8 beds | 4 baths
Key facts
- Property type: Vacant Land
- Transaction: For Sale
- Price: $2,350,000
- Bedrooms: 8
- Bathrooms: 4
- Lot size: 100 x 150 FT ; 0
- Parking: 20
- Listing key: 29690454
Listing overview
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 perf...
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