1368 Labrie Avenue, Ottawa, ON, K1B 3M1

Property Details: - Type: Vacant Land - Bedrooms: 6 - Bathrooms: 4 - MLS#: X13073620 Listed By: SUTTON GROUP - OTTAWA REALTY

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. This vacant land home located at 1368 Labrie Avenue, Ottawa is currently for sale and has been available on Zolo.ca for 3 days. This property is listed at $2,350,000 with an estimated mortgage of $8,650* per month. It has 6 beds, 4 bathrooms, and is 1500-2000 square feet. 1368 Labrie Avenue, Ottawa is in the Cyrville Rd./Industrial Park neighborhood Ottawa.