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1368 Labrie Avenue Ottawa, Ontario K1B 3M1

Central Air Conditioning Baseboard Heaters, Forced Air

$2,350,000

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): Renovated 2 bdrm $2100/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 71k/year with potential to increase to 88k/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:37464)

Property Details

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

Building

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

Parking

Gravel
Surfaced

Land

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

Utilities

Fully serviced Available

https://www.realtor.ca/real-estate/27168078/1368-labrie-avenue-ottawa-cyrville-industrial-park

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