Commercial listings / Land / For sale
1368 LABRIE Avenue, Cyrville - Carson Grove - Pineview, ON K1B 3M1
$2,195,000
- Property type
- Land
- Transaction
- For sale
- Location
- Cyrville - Carson Grove - Pineview, Ottawa
- Building area
- 14,962 Square Feet
- Lot size
- 14962 Feet
- MLS® number
- X13073622
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
Listing brokerage: SUTTON GROUP - OTTAWA REALTY
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