1368 LABRIE Avenue, Ottawa, Ontario K1B3M1

Develop & Construct or Own & Operate – Be opportunistic in a transitioning neighborhood!rnRecently rezoned TD1 site on 0.34 acres. Located less than 400m to the Cyrville Transit Station with plans for a 6-storey mid-rise residential building.rnCurrently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. rnUnit 1 (lower): Renovated 2bdrm $2100/month incl.rnUnit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl.rnUnit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroomrnFenced Year Yard: Vacant-previously leased for $1350/month for equipment storage – professionally graded with compacted gravel and separate gated entrance.rnStorage Shed: 2 Storage Units included with Unit 1&2rnParking: 8 spaces (included)rnCurrent gross income is 71k/year with potential to increase to 88k/year.rnNotices for rent increases of 2.5% take effect in October 2024.rnExisting leases 1yr+ (id:56183)