1368 LABRIE AVENUE

Ottawa, , K1B3M1, Canada

$2,350,000

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.

EXTRAS: Water Heater

Last updated on : Tuesday 28th of April 2026 08:31:00 PM

ADDRESS

Street : 1368 LABRIE AVENUE

City : Ottawa

Country : Canada

Postal Code : K1B3M1

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PROPERTY SUMMARY

Property ID : X13055586

Building Type : Other

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 4

Parking : 20

Parking Type: No Garage

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