MLS® X13055586. Availability and details are subject to change.
1368 LABRIE Avenue
Ottawa, Ontario K1B3M1
Feed checked: Nov 8
$2,195,000
Property details
- Bedrooms
- 8
- Bathrooms
- 4
- Reported area
- 1,500–2,000 square feet
- Property type
- Multi-family
- Parking spaces
- 20
- Lot dimensions / area
- 100 x 150 FT ; 0
Property 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 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.