Key Facts
- MLS® #: X13055586
- Property ID: SIRC3290505
- Property Type: Residential, Multiplex
- Lot Size: 15,000 sq.ft.
- Bedrooms: 6+2
- Bathrooms: 4
- Parking Spaces: 20
- Listed By:
- SUTTON GROUP - OTTAWA REALTY
Property Description
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.
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Location
1368 Labrie Ave, Ottawa, Ontario, K1B 3M1 Canada
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