For Sale - 1368 LABRIE Avenue, Cyrville - Carson Grove - Pineview, Ontario

Est payment $10,540/mo
Views   4
Time on Jump  163 day
  • 0.34-acre development site just steps from the LRT station.
  • Rezoned for mid-rise residential, ideal for future development opportunities.
  • Preliminary plans available for a potential 6-storey building.
  • Current income from triplex and office provides stable revenue.
  • Great location with strong rental demand due to nearby developments.



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 IDX13055586
Address1368 LABRIE Avenue
CityCyrville - Carson Grove - Pineview, Onta…
Price$2,195,000
Bed / Bath8 / 4 Full
Style2-Storey, Multiplex
ConstructionAluminum Siding
Land Size14962
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features Water Heater OwnedAmenities Public Transit, Fenced YardOwnership FreeholdBasement Full, FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 20.00
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Listing Brokerage: SUTTON GROUP - OTTAWA REALTY

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1368 Labrie Avenue
Cyrville - Carson Grove - Pineview , Ontario
8 4 $2,195,000
Get more info