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1368 Labrie Ave

Labrie Ave, South End, Ottawa, ON, K1B 3M1

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Beds
-
Baths
$2,350,000
List Price
Details
Photos
30
Comparables
History
1368 Labrie Ave, Ottawa, ON - 1 of 3
1368 Labrie Ave, Ottawa, ON - 2 of 3
1368 Labrie Ave, Ottawa, ON - 3 of 3
132 days on market

Quick Summary

  • Transitioning neighborhood with recent rezoning
  • Convenient location under 400m to Cyrville Station
  • Existing triplex-office with three 2-bedroom units
  • Renovated and upgraded units with high rents
  • Fenced yard with separate gated entrance
  • Existing storage units and 20 parking spaces
  • Current annual income of $71k with potential to increase
  • Upcoming rent increases of 2.5% in October 2024

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... Show More

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:54626)

Additional Media

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Property Details

Parking

20 Parking Spaces
Gravel,Surfaced

Lot

Size
1200′0″ * 1800′0″
Acres
-

Build

Year Built
-
Model Name
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Basement
Finished
Exterior
Siding
Foundation
-
Builder Name
-
Stories
2
Flooring
Laminate, Vinyl, Ceramic
Roof
-

Heating & Cooling

Heating
Baseboard heaters, Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Source

Listing Brokerage

MLS® Listing
1399921
Last Updated
October 11, 2024
Brokerage
EXP REALTY
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